by Lara | Nov 14, 2018 | US Oil |
The Elliott wave count has been invalidated. Two new Elliott wave counts are considered. Summary: Oil is in a downwards trend. A new low now below 51.67 would be another very strong bearish signal. If that happens, then the probability that Oil may continue to move...
by Lara | Nov 11, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement overall was expected for the week, which is what has happened. Summary: For the short term, another upwards wave to 2,835 may begin on Monday. After that some sideways movement or a deeper pullback may begin. Overall, this bounce is...
by Lara | Nov 10, 2018 | US Oil |
Price has remained within the small channel all week, so no indication that a low could be in place has been given. Summary: At this stage, the classic technical analysis no longer supports the Elliott wave count. While it is still possible that the Elliott wave count...
by Lara | Nov 4, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement has unfolded overall as expected for this week. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should last several...
by Lara | Nov 3, 2018 | US Oil |
More downwards movement was expected as most likely for this week. The target at 63.60 was met and so far has been slightly passed. Summary: The larger trend for Oil is up. Pullbacks offer opportunities to join the trend. The current pullback may be complete here or...
by Lara | Oct 27, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A new low indicated further downwards movement. The target at 2,612 was not met. Summary: A new high above 2,722.20 and a breakout of the best fit channel would indicate a low is in place. At that stage, a multi week bounce may be expected to continue...
by Lara | Oct 26, 2018 | US Oil |
More downwards movement below 66.86 invalidated one of the two remaining daily Elliott wave counts. At the end of this week, two versions of the remaining Elliott wave count are provided. Summary: While price remains within the narrow channel on the daily charts,...
by Lara | Oct 21, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Downwards movement was expected for the short term. Although price did not make a new low, the candlestick for Friday closed red and the upper wick was long. Overall, this fits expectations. Summary: For the short term, next week may see more downwards...
by Lara | Oct 20, 2018 | US Oil |
Sideways and slightly lower movement was expected for the week as a pullback unfolds. Price has moved lower, more than anticipated, but it remains well within the allowable limits for this pullback. Both Elliott wave counts remain valid. This week volume analysis is...
