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 | Gold |
A small sideways consolidation was expected to unfold for a fourth wave. This is exactly what is happening. Summary: The sideways consolidation may continue for another one to two days. It may reach as low as 1,210, but should not move below 1,207.78. Thereafter,...
by Lara | Oct 11, 2018 | Gold |
An upwards day with support from volume breaks above resistance. Resistance zones will be used as targets. Summary: A short term target is about 1,287. Tomorrow may begin with a small sideways consolidation for a fourth wave, then be followed by more upwards movement....
by Lara | Oct 10, 2018 | Gold |
Another small range day remains within the consolidation zone. On Balance Volume remains range bound and may give a signal within a very few days. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a downwards day that has...
by Lara | Oct 9, 2018 | Gold |
A small inside day fits the preferred Elliott wave count. Price remains range bound. Volume still indicates the same expected breakout direction. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a downwards day that has...
by Lara | Oct 8, 2018 | Gold |
Volume analysis still favours the first Elliott wave count. On Balance Volume is watched carefully this week. It may signal which Elliott wave count is most likely. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a...
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 | Gold |
Sideways movement has continued this week. Volume may indicate the most likely breakout direction from the consolidation. On Balance Volume may give a signal next week. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is still a...
by Lara | Oct 4, 2018 | Gold |
Price remains within a consolidation zone. On Balance Volume still has not given a signal. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is an upwards day now that has the strongest volume within the consolidation, suggesting an...
