by Lara | Dec 2, 2017 | S&P 500, S&P 500 + DJIA |
For the very short term, the hourly Elliott wave analysis expected a pullback for a small fourth wave. With price remaining above first wave price territory, all Elliott wave rules are met and the wave count has the right look. The pullback for Friday was almost...
by Lara | Aug 10, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,462.17 in the first hour of the session added confidence to the Elliott wave count which expected a deeper pullback was in the early stages. The target for it to end and the expectation for how long it may last will remain the same for now. Summary:...
by Lara | Apr 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price did move higher to begin the session, but fell strongly in the final hours to close red. An outside day was completed. Summary: If the main wave count is correct, then price should now begin to move strongly higher. An upwards...
by Lara | Mar 20, 2017 | S&P 500, S&P 500 + DJIA |
Another downwards day has unfolded as expected to start the new trading week. The Elliott wave count remains the same and has support from volume and ADX. Summary: A shallow pullback looks very likely now to have arrived. It may continue for another few days and...
by Lara | Feb 28, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was expected for Tuesday’s session. There are only now two hourly Elliott wave counts. Summary: The situation is unclear: volume is bearish short term while divergence between price and VIX, and price and the AD line, is bullish short term....
by Lara | Jul 13, 2016 | S&P 500, S&P 500 + DJIA |
Again, the two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jun 21, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day remains below the invalidation point on both Elliott Wave hourly charts. Summary: A correction was still most likely over at the last high two days ago. A short term target for the next wave down is 1,987. Trading advice (not intended for more...
by Lara | Jun 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate, which was judged to have a very low (5%) probability. Summary: Divergence with price and VIX (inverted) supports a high in place today or very soon tomorrow. A third wave down...
by Lara | Apr 26, 2016 | S&P 500, S&P 500 + DJIA |
A very small range day to produce a small green doji sees both hourly Elliott wave counts remain valid. Price is squeezed between two trend lines. Summary: The possibility of new highs will remain while price remains above the support line / lower edge of the Elliott...
