by Lara | Oct 13, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 An inside day closes red. The candlestick for Friday offers a clue as to what looks most likely for Monday. Summary: After a small bounce up to about 2,800, look for another wave down to support about 2,700. Look for a candlestick reversal pattern, or an...
by Lara | Oct 12, 2018 | US Oil
Downwards movement was expected for the last week, which is exactly what has happened for US Oil. Both Elliott wave counts remain valid. Summary: Sideways and slightly lower movement is expected for next week. Thereafter, the upwards trend should resume with strength....
by Lara | Oct 6, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A signal from On Balance Volume and another signal from the AD line this week all support the alternate Elliott wave count. Price is the ultimate determinator though, so a specific price point is given for members that may indicate which wave count is...
by Lara | Oct 5, 2018 | US Oil
This week a candlestick pattern indicates the most likely direction for next week. How far this next wave moves may indicate which Elliott wave count is most likely. Summary: A pullback now to either 72.45 or (more likely) 70.31 looks likely. A new low below 66.86...
by Lara | Sep 29, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 It was expected for Friday that price may move lower, which is what happened. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or not. Long upper candlestick wicks and a bearish short term volume profile support the...
by Lara | Sep 29, 2018 | US Oil |
More upwards movement was expected for the last week. The short term target was at 73.82. Price did move higher to reach 73.72 so far. Summary: A multi month consolidation may come to an end in the next one to three weeks. If price turns and moves lower for a final...
by Lara | Sep 22, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement for the week to new all time highs was expected for the main Elliott wave count. Also, upwards movement for the week has invalidated the alternate Elliott wave count. When alternate wave counts are invalidated, then more confidence may be...
by Lara | Sep 21, 2018 | US Oil
Upwards movement for the week has unfolded exactly as expected. Both Elliott wave counts at the daily chart level remain valid. The larger picture at the weekly and monthly chart level remains the same. Summary: The Elliott wave structure for intermediate wave (4)...
by Lara | Sep 15, 2018 | Gold, Lara's Weekly, S&P500, US Oil
S&P 500 Upwards movement continues as expected. On Balance Volume this week gives important signals on the daily and weekly charts. Summary: The pullback looks like is over. On Balance Volume makes new all time highs this week on the daily and weekly charts; this...
