by Lara | Dec 19, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement for Tuesday’s session remains above the invalidation point on the hourly chart. A new alternate wave count is today presented for consideration. Summary: The target for minor wave 3 to end is at 2,833. But if this is wrong, it may now be too...
by Lara | Nov 30, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. The Elliott wave target remains the same. Summary: The next Elliott wave target is 2,773. While price remains above 2,606.41 and within the yellow best fit channel on the hourly chart, then assume the upwards trend remains...
by Lara | Aug 28, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Bearish divergence noted in last analysis between price and breadth and price and volatility has been followed by a downwards day. This was expected. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find...
by Lara | Jun 27, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,422.88 has invalidated the main Elliott wave count and confirmed the alternate. Yesterday’s bearish divergence between price and the AD line and VIX did warn of a possible breakdown. Summary: Expect now a multi week to multi month pullback has...
by Lara | May 13, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the analysis mostly the same. The strong floor of support about 2,377 continues to hold. Summary: Support should hold and next week should see new all time highs. The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains...
by Lara | Apr 4, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high. Summary: A little downwards movement may unfold for one to three sessions. Price should remain above 2,322.25. If...
by Lara | Jan 11, 2017 | S&P 500, S&P 500 + DJIA |
Although today’s daily candlestick closed green, it made a lower high and a lower low (which is the definition of downwards movement). This was expected for the Elliott wave count. The short term resistance line on the hourly chart neatly showed where upwards...
by Lara | Nov 23, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again. A green daily candlestick was printed, but it is technically an inside day with no new high. Summary: Expect the trend to continue while price remains above 2,182.30. While upwards movement continues, the next target is at 2,227. A...
by Lara | Jul 13, 2016 | Dow Theory, S&P 500, S&P 500 + DJIA, S&P 500 Historical |
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 is above 2,136.32. There is some bullishness today from...
