by Lara | Oct 25, 2017 | S&P 500, S&P 500 + DJIA |
Bearish divergence noted in the past few sessions between price and market breadth has correctly signalled a fall in price. Summary: A new low below 2,457.92 gives some reasonable confidence that a fourth wave correction has arrived. The fourth wave may be relatively...
by Lara | Oct 3, 2017 | S&P 500, S&P 500 + DJIA |
Bullishness in On Balance Volume and rising market breadth all have pointed recently to higher prices. And in yesterday’s analysis it was noted there was a Three White Soldiers candlestick pattern on the daily chart, so higher prices today were completely...
by Lara | Sep 14, 2017 | S&P 500, S&P 500 + DJIA |
Price completed an outside day, mostly sideways movement to close as a small range doji. On Balance Volume gives another important signal today which may tell us what direction price may move tomorrow. Summary: Another bearish signal as On Balance Volume moves down...
by Lara | May 25, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high at the open gap up invalidated the alternate Elliott wave count providing confidence in the main Elliott wave count. The target remains the same. Summary: The target is at 2,440 (Elliott wave target) in the first instance, and may be as high as...
by Lara | May 10, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day closes green. Price remains above stops on long positions. The Elliott wave analysis remains the same. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep stops on...
by Lara | May 9, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...
by Lara | Apr 22, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways. A large symmetrical triangle may be forming. Summary: Sideways movement is expected to continue for maybe as long as another 19 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to...
by Lara | Apr 1, 2017 | S&P 500, S&P 500 + DJIA |
A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...
by Lara | Mar 18, 2017 | S&P 500, S&P 500 + DJIA |
On Friday another downwards day unfolded exactly as expected for the S&P500. Summary: A shallow pullback looks very likely now to have arrived. It may continue for another few days and possibly a few weeks longer. Target zones are either 2,368 – 2,353 or...