by Lara | Oct 28, 2017 | S&P 500, S&P 500 + DJIA |
A break above the short term resistance line on the hourly chart in last analysis gave a strong bullish signal. The analysis then expected a new all time high. Summary: Friday’s strong upwards day has support from volume and looks like a classic upwards breakout...
by Lara | Oct 5, 2017 | S&P 500, S&P 500 + DJIA |
A new high in the first hour of the session gave confidence to a target at 2,548 to 2,550. Upwards movement for the session reached 2,552.51. Summary: Assume the trend remains up while price remains within the violet channel on the hourly charts. The new target is now...
by Lara | Jul 20, 2017 | S&P 500, S&P 500 + DJIA |
A little more upwards movement today reached just above the target. Summary: Another short term pullback to last about two to five days may begin tomorrow. It may pull price down to about 2,464 to 2,450. If the channel on the hourly chart is breached early tomorrow,...
by Lara | Jun 21, 2017 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap. Summary: Assume the trend remains the same, upwards,...
by Lara | Apr 27, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to be relatively brief and shallow. So far price is meeting this expectation. Gaps will be used for trading advice for members with long positions. Summary: A brief shallow pullback may have ended at today’s low. This may present an...
by Lara | Feb 7, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the main Elliott wave count, but the confirmation point still has not been passed. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new all time high. The target is 2,338 for the short...
by Lara | Jan 26, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, which fits the larger picture of the main Elliott wave count. In looking for an entry to join the trend classic technical analysis, particularly On Balance Volume, may be useful. Summary: Price has broken out upwards from a flag pattern. A...
by Lara | Jan 19, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved lower for the session as expected from the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend line as...
by Lara | Jan 18, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement within the session did not make a new high. Price remains below the invalidation point on the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is...
