by Lara | Nov 28, 2016 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point on the hourly Elliott wave count. The small downwards movement for today still fits with overall expectations. Summary: An upwards trend is in place. Corrections are an opportunity to join the trend. A sideways correction is...
by Lara | Nov 12, 2016 | S&P 500, S&P 500 + DJIA |
An inside day began with downwards movement, as expected, but the target was not reached. Summary: A correction down to about 2,120 and the lilac trend line is expected next week. Use this as an opportunity to join the trend for a third wave up. Volume strongly...
by Lara | Nov 10, 2016 | S&P 500, S&P 500 + DJIA |
A red long legged doji for today’s session indicates indecision, a balance between bulls and bears. This mostly fits expectations; this session was expected to produce a small red daily candlestick. Summary: Tomorrow may begin with some downwards movement to a...
by Lara | Nov 9, 2016 | S&P 500, S&P 500 + DJIA |
A new high above 2,154.79 adds confidence to the main Elliott wave count. A new alternate is presented today, but it has a very low probability. Dow Theory today provides important confirmation. Summary: Classic analysis favours a bullish Elliott wave count. The new...
by Lara | Nov 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to a short term target at 2,139.50 was expected. Upwards movement did unfold, but reached 7.37 points above the target. Summary: Volume does not support this upwards movement, and there is some regular bearish divergence between price and the AD line...
by Lara | Nov 7, 2016 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected to 2,076. The downwards trend was judged to be weak on Friday. Monday has seen a very strong upwards day, with no new low at the beginning of the session. Summary: The short term target is at 2,139.50 for tomorrow....
by Lara | Oct 27, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis expected Wednesday’s session to begin with a little downwards movement to end close to 2,140. Thereafter, it was expected that price would turn upwards. The low for the session was 2,131.59. The session closed green although it made a...
by Lara | Oct 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was again expected and again failed to materialise. The main Elliott wave count is still preferred. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. This...
by Lara | Oct 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected from the main Elliott wave count for Thursday’s session. This did not happen. Price moved lower and sideways to complete a small red doji. Summary: The Elliott wave count expects more upwards movement from here to show an increase...
