by Lara | Sep 20, 2019 | US Oil
Downwards movement was expected for the week, but a new high above 58.75 indicated a deeper bounce. At that stage, the target was at 74.75. Summary: A consolidation is expected to most likely continue sideways for a few more weeks. Resistance is about 66.59 and...
by Lara | Sep 14, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 For the short term, a pullback or consolidation was expected to begin on Friday. This is exactly what has happened. Summary: For the short term, a little weakness in the last session suggests a pullback or consolidation may unfold here. The target for...
by Lara | Sep 13, 2019 | US Oil |
Price remained below the short-term invalidation point and within the channel ending the week with strong downwards movement, which was expected. Summary: A mid-term target is at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a...
by Lara | Sep 7, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A finish to the week with a small range inside day does not change the Elliott wave count. The target remains the same and the wave count has strong support from classic technical analysis. Summary: An upwards breakout above 2,940 with support from volume...
by Lara | Sep 6, 2019 | US Oil
Again, downwards movement was expected for Oil. An outside week closes green, and price remains below resistance. Summary: A mid-term target is at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a capitulation spike. The final...
by Lara | Aug 31, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement continued as the main Elliott wave count expected. All three Elliott wave counts remain valid at the end of the week, but the two alternates now have a very low probability. Summary: An upwards breakout above 2,940 with support from...
by Lara | Aug 30, 2019 | US Oil |
Downwards movement was expected for Oil this week. Although the candlestick has closed green, a lower low and a lower high fits the expectation. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end...
by Lara | Aug 24, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Price remains constrained within a small zone of support and resistance. The three Elliott wave counts remain the same. Summary: Conditions are still suggesting a sustainable low may be in place. The next target is 3,120. A new low below 2,822.12 would...
by Lara | Aug 23, 2019 | US Oil
A small bounce within the week remained below the invalidation point and within the channel. Thereafter, downwards movement continued as expected. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may...
