by Lara | Aug 3, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 At the end of this week, the AD line and VIX indicate the most likely Elliott wave count. Summary: The main wave count will expect intermediate wave (2) may now be over and a third wave up at two degrees may begin on Monday. The target is at 3,213....
by Lara | Aug 2, 2019 | Gold |
Price remains below resistance and above support. This week the trend reaches extreme and conditions are overbought. All three Elliott wave counts remain the same. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a...
by Lara | Aug 2, 2019 | Silver |
Some pullback to relieve extreme conditions was expected to continue for the week. This is exactly what has happened. Summary: At this stage, some pullback to relieve extreme conditions looks likely to continue. How low this goes will indicate which wave count, bull...
by Lara | Aug 2, 2019 | US Oil
Downwards movement was expected for the week. An outside week closes red. This week On Balance Volume gives a reasonable signal at the weekly chart level, and the short-term volume profile supports the main Elliott wave count. Summary: A new mid-term target is now at...
by Lara | Aug 1, 2019 | Gold |
The last two sessions have seen price whipsaw within a consolidation zone. Today On Balance Volume gives a reasonable signal. All Elliott wave counts remain valid. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a...
by Lara | Jul 31, 2019 | Gold |
Both hourly charts yesterday expected some downwards movement, which is what is happening so far. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways consolidation may continue this week and possibly for...
by Lara | Jul 30, 2019 | Gold |
Currently, price is bound by support and resistance. The preferred Elliott wave count sees this consolidation as a B wave that is incomplete. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways consolidation...
by Lara | Jul 29, 2019 | Gold |
Price remains range bound. With volume and ATR declining as price moves sideways, this looks like another consolidation within an ongoing trend. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a sideways...
by Lara | Jul 27, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 The middle of a third wave may be unfolding as expected. Elliott wave targets remain the same. Summary: A short-term target for the middle of a third wave to end is now at 3,097. A mid-term target for a third wave at intermediate degree is at 3,148. Use...
