by Lara | Nov 8, 2017 | S&P 500, S&P 500 + DJIA |
The upwards trend continues overall, and classic technical analysis remains very bullish. Members are advised to go with the trend until price proves it is over. Summary: The Elliott wave target is at 2,616 and a target from a small pennant pattern is 2,617. The...
by Lara | Sep 9, 2017 | S&P 500, S&P 500 + DJIA |
The short term outlook from last analysis expected a short spike up to just above 2,467.57 and then a downturn. This is not what happened. Price has moved sideways in a small range suggesting a small Elliott wave triangle. Summary: With the last wave up now looking...
by Lara | May 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Tuesday’s session, buy this is not what happened. Price moved slightly higher to complete a small green candlestick. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains...
by Lara | Mar 29, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day fits within the Elliott wave count. The candlestick closed green and the balance of volume for the session was upwards. Overall, today may be read as neutral. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is...
by Lara | Mar 11, 2017 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected from the hourly Elliott wave count published in last analysis. This is exactly what happened for Friday’s session. A target may now be calculated for the short term at two degrees. Summary: A deeper pullback looks very...
by Lara | Feb 18, 2017 | S&P 500, S&P 500 + DJIA |
Friday completed an inside day which fits the Elliott wave count well. Summary: Minor wave 4 may continue. Price may consolidate here for another three days. A new low below 2,322.17 now would confirm minor wave 4 has arrived. At its end, minor wave 4 should offer an...
by Lara | Jan 10, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement to complete a small green doji candlestick fits the 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...
by Lara | Jan 9, 2017 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
The daily Elliott wave count is new. It was published in comments over the Christmas / New Year holiday. The hourly Elliott wave count expects the correction to continue and now has a target using a Fibonacci ratio. Summary: Some downwards movement to find support at...
by Lara | Dec 7, 2016 | S&P 500, S&P 500 + DJIA |
Price remained within the small green channel, so upwards movement was expected to continue. The short term targets were woefully inadequate, but longer term targets remain the same. Summary: Use the narrow green channel on the hourly chart and expect upwards movement...
