by Lara | Apr 16, 2018 | Gold |
A downwards swing was expected to continue. Upwards movement during Monday’s session remains below the invalidation point, and the range for this session is small. Volume does not support upwards movement. Summary: Expect a downwards swing from here to support....
by Lara | Apr 14, 2018 | Lara's Weekly, Silver |
A bounce was again expected. Price has made a new high this week so far. The target is not yet met. Summary: Silver remains range bound. Volume now suggests an upwards breakout may be more likely than downwards. Resistance is about 16.810 – 16.950 and support is...
by Lara | Apr 14, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement was expected again for Friday. The session began with a gap higher, but thereafter moved lower to close red. Price remains above the invalidation point. Summary: A new low below 2,639.25 would indicate more downwards movement, and the...
by Lara | Apr 14, 2018 | Lara's Weekly, S&P500
For reference to the S&P500 wave structure at January 2018. ANALYSIS OF A PRIOR CYCLE DEGREE FIFTH WAVE Click chart to enlarge. Chart courtesy of StockCharts.com. This monthly chart shows a possible wave count for the last cycle degree fifth wave within the Grand...
by Lara | Apr 14, 2018 | Lara's Weekly, S&P500
Price has moved higher for Monday, which is exactly what was expected from last analysis. Summary: The next target is at 3,020. In the short term, look for a pullback tomorrow for a second wave correction. The pullback may find support now about the upper edge of the...
by Lara | Apr 14, 2018 | Lara's Weekly, S&P500
More downwards movement for Friday was expected. Summary: A low may now be in place. Some confidence may be had in this view if price breaks above the yellow channel on the hourly chart. A target would then be at 3,020. Always practice good risk management. Always...
by Lara | Apr 14, 2018 | Lara's Weekly, S&P500
Second S&P 500 Grand SuperCycle Elliott wave analysis, from 1871. Summary: The bull wave count ignores the 1840’s depression and for this reason the bear count which includes it may have a higher probability. BULLISH WAVE COUNT Click chart to enlarge. The...
by Lara | Apr 14, 2018 | Gold |
A bounce was expected to turn up within 24 hours, which is what has happened. Summary: Expect a downwards swing from here to support. The target is at 1,306. Do not expect this swing to move in a straight line. The first of two bounces along the way down may be over...
by Lara | Apr 14, 2018 | US Oil
A new high above 66.65 has substantially reduced the probability of the main Elliott wave count and increased the probability of the alternate. This week the two wave counts should be swapped over. Summary: The probability that Oil is in a huge new bull market looks...
