by Lara | May 17, 2019 | US Oil
An upwards week sees price remain below the invalidation point. Volume analysis is relied upon heavily this week to indicate the direction for next week. Summary: The next wave down may now begin. The final target is now calculated at 10.72. Further confidence that a...
by Lara | May 11, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Price closed back within the channel and remains above the invalidation point. Summary: The upwards trend may now resume. The final target remains the same at 3,045. A new limit for this fifth wave to end is now at 3,057.25. The biggest picture, Grand...
by Lara | May 10, 2019 | US Oil
Again, price continues lower as the Elliott wave count expected for this week. Summary: The next wave down may have begun. The final target is now calculated at 10.72. Further confidence that a high is in place may be had if price makes a new low below 58.20. MAIN...
by Lara | May 4, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 For the very short term, a consolidation or bounce was expected. A bounce for Friday overall fits this expectation. Price remained below the invalidation point. Summary: A pullback or consolidation here for primary wave 4 may now last about a couple of...
by Lara | May 3, 2019 | US Oil
Downwards movement has unfolded for the week as expected. Summary: The next wave down may have begun. The final target is now calculated at 10.72. Further confidence that a high is in place may be had if price makes a new low below 58.20. MAIN ELLIOTT WAVE COUNT...
by Lara | Apr 27, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement continues as expected. A new Elliott wave count at the monthly chart level is presented. Summary: The upwards trend remains intact and there is underlying strength in this market still. The next mid-term target is at 3,010. However, some...
by Lara | Apr 26, 2019 | US Oil
A little more upwards movement was expected for the week. The weekly candlestick forms an important pattern, and the daily volume profile supports it. Summary: Oil may have now found a high. The next wave down may begin. The final target is now calculated at 10.72....
by Lara | Apr 21, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A consolidation was expected to continue. A small downwards day closes as a Doji, which fits expectations. Summary: The upwards trend remains intact and there is underlying strength in this market still. A consolidation may unfold here that may be shallow...
by Lara | Apr 19, 2019 | US Oil
A very small range week moves price mostly sideways. The Elliott wave count remains the same. Summary: While price remains within the channel on the daily chart, assume the bounce will continue. If the channel is breached by a full daily candlestick below and not...
