by Lara | May 9, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...
by Lara | Apr 22, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways. A large symmetrical triangle may be forming. Summary: Sideways movement is expected to continue for maybe as long as another 19 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to...
by Lara | Apr 3, 2017 | S&P 500, S&P 500 + DJIA |
Monday was expected to begin with a little downwards movement to either 2,358 or 2,354. Price did move lower, but it reached down to 2,344.73 before bouncing strongly higher. Summary: The main Elliott wave count expects an upwards breakout that may happen sooner...
by Lara | Apr 1, 2017 | S&P 500, S&P 500 + DJIA |
A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...
by Lara | Mar 14, 2017 | S&P 500, S&P 500 + DJIA |
A small downwards day was not expected for the short term, but overall the wave count remains the same. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and possibly a few weeks longer. Target zones are either...
by Lara | Mar 13, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways in a small range for Monday’s session. This fits the hourly Elliott wave count and the alternate daily Elliott wave count best. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and...
by Lara | Feb 21, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement for the start of the week breaks above a prior small consolidation with a breakaway gap. Gaps can be useful for trading. The target given by the Elliott wave count can now be calculated at two degrees, so it widens to a small zone. Summary: The...
by Lara | Feb 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to begin the week, but this is not what happened. Price remains above the invalidation point on the main Elliott wave count. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new all time...
by Lara | Feb 3, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the main Elliott wave count and this is what happened. The alternate Elliott wave count is just hanging on by a couple of points. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new...