by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Price moved a little lower before bouncing upwards to close green at the end of the session. Summary: It is still fairly likely that a low is in place. There is further divergence today with price and the AD line, and price seems to be congested at multiple support...
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 | Mar 2, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement for the day remains above the invalidation point and the breakaway gap is offering support. Volume analysis today may help to determine the direction for tomorrow. Summary: The picture is very bullish. Volume and divergence with VIX and the AD line...
by Lara | Feb 27, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was not expected for Monday. The main Elliott wave count expected downwards movement for the session. The current situation has multiple possibilities and for members today three hourly Elliott wave counts are again presented along with some cautious...
by Lara | Feb 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick with a long lower wick makes the Elliott wave count have a better look now at the daily chart level. Summary: The target at minor degree is recalculated to 2,399. Persistent divergence with price and vix, and now today with price and the AD...
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 8, 2017 | S&P 500, S&P 500 + DJIA |
Price moved lower today with a lower low and lower high, but the session closed strongly printing a green daily candlestick. The balance of volume was upwards. On Balance Volume gives a reasonable signal, but there has not yet been a breakout from a consolidation....
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...
