by Lara | Nov 21, 2016 | S&P 500, S&P 500 + DJIA |
A new all time high indicates the S&P is still in a bull market. Dow Theory has confirmation. Summary: A pullback is still expected here or very soon indeed. It should begin this week. The target is still about 2,120 and the lilac trend line. Last monthly chart...
by Lara | Nov 20, 2016 | S&P 500, S&P 500 + DJIA |
A slight new high and then downwards movement was expected for Friday. This is exactly what happened. Summary: Downwards movement is expected to begin on Monday towards 2,120. Divergence between price and the AD line, and price and the McClellan Oscillator supports...
by Lara | Nov 17, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis again expected downwards movement. This is not what happened. The invalidation point on the hourly chart was breached by upwards movement. Summary: A downwards pullback is still expected to find support about 2,120 and the lilac trend line....
by Lara | Nov 3, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected to see a green daily candlestick or doji for Thursday’s session. This is not what happened, price has continued lower. Summary: This trend may continue for a little longer and move a little lower. Some signs of weakness are...
by Lara | Oct 31, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day printed a small red doji candlestick. The Elliott wave counts remain the same. Some divergence today is noted between price and the AD line, and between price and VIX. This may assist to indicate the direction for tomorrow. Summary: Upwards movement...
by Lara | Oct 29, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 2,130.19 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count. At that stage, downwards movement was expected to move slightly below 2,124.43, finding support at the lilac trend line. Price found its low...
by Lara | Oct 27, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for a green daily candlestick for Thursday’s session. The session had a higher high and a higher low, but closed red. Summary: There is conflicting evidence today from bullish divergence between price and VIX and the AD line, and a...
by Lara | Oct 6, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected for Thursday’s session, which is essentially what has happened. Summary: In the short term, tomorrow may print a red daily candlestick. Overall sideways movement for tomorrow and the day after may complete a triangle, which should...
by Lara | Oct 1, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
A red daily candlestick or doji was expected for Friday, but this did not happen. Upwards movement slightly breached the invalidation point on the hourly chart. Summary: Two days of downwards movement to 2,137 is expected. Divergence with price and the AD line and VIX...
