by Lara | Nov 29, 2017 | S&P 500, S&P 500 + DJIA |
The second target at 2,634, calculated using the measured rule, has been met today. The Elliott wave structure is analysed to see if it may be complete. If it is, then price may turn here. If it is not, then the next target will be used. Summary: The next Elliott wave...
by Lara | Nov 27, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways in a slightly larger range to print another doji candlestick. Two hourly Elliott wave counts are presented today. Summary: The first Elliott wave target is again at 2,614. A target using the measured rule is 2,634. The second Elliott wave...
by Lara | Nov 11, 2017 | S&P 500, S&P 500 + DJIA |
A signal from On Balance Volume for Friday sees the main and alternate hourly Elliott wave counts swapped over. The mid to long term picture remains the same, but the short term picture for next week is now changed. Summary: The target for a multi day pullback is now...
by Lara | Oct 26, 2017 | S&P 500, S&P 500 + DJIA |
A Gravestone doji comes just three days after a Bearish Engulfing candlestick pattern. These two patterns together are giving a strong signal. Summary: The fourth wave may be relatively brief and shallow as minor wave 4, or it may be a much deeper multi week pullback...
by Lara | Oct 5, 2017 | S&P 500, S&P 500 + DJIA |
The short term target for upwards movement was 2,540 to 2,541 on the hourly chart. Price moved up to sit right within this small one point zone, to 2,540.53. Summary: Another day with divergence from VIX and now divergence with the AD line is bearish for the short...
by Lara | Sep 11, 2017 | S&P 500, S&P 500 + DJIA |
A quick spike up was expected to begin the week, but it was expected to move just above 2,469.64 before turning. Price has moved comfortably higher, reaching so far to 2,488.95. Summary: In the short term, it is entirely possible that price may move higher tomorrow....
by Lara | Jun 20, 2017 | S&P 500, S&P 500 + DJIA |
A pullback was expected and support is holding. Price remains above the invalidation point. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout now followed by a pullback. Stops for long positions may be set...
by Lara | May 25, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high at the open gap up invalidated the alternate Elliott wave count providing confidence in the main Elliott wave count. The target remains the same. Summary: The target is at 2,440 (Elliott wave target) in the first instance, and may be as high as...
by Lara | May 11, 2017 | S&P 500, S&P 500 + DJIA |
A strong whipsaw moved below the short term invalidation point on the hourly Elliott wave count. However, downwards movement was quickly retraced and today’s candlestick looks very bullish. Summary: There is enough bullishness in the daily technical analysis to...
