by Lara | Sep 2, 2019 | Gold |
A very small range day while New York is on holiday leaves both Elliott wave counts unchanged. Summary: It looks increasingly likely that a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
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 | Gold |
Downwards movement has continued as expected after a new high for the week. Summary: It looks increasingly likely that at the end of the week a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
by Lara | Aug 29, 2019 | Gold |
For the short term, yesterday’s analysis had three hourly charts which all expected some downwards movement. A red daily candlestick exactly fits this expectation. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend...
by Lara | Aug 28, 2019 | Gold |
Price continues sideways. Targets remain the same. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend that is very extreme and overbought. If price makes a new high above 1,552.65, then the next target would be at 1,572 A...
by Lara | Aug 27, 2019 | Gold |
All three Elliott wave counts remain the same. Summary: Increasing bearishness in classic analysis suggests the risk of at least a short-term high is very high. Look out here for either a trend change or another consolidation/pullback to last several sessions. A...
by Lara | Aug 26, 2019 | Gold |
Both Elliott wave counts at the end of last week expected upwards movement. The first target at 1,543 was met and exceeded by $9.65 before price reversed. Summary: Today increasing bearishness in classic analysis suggests the risk of at least a short-term high is very...
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 24, 2019 | Gold |
For the short term, upwards movement to at least 1,528.20 was expected. The high for Friday at 1,528.68 meets this expectation perfectly. Summary: A classic analysis target using the pennant pattern is at 1,660. Friday broke above the upper edge of the pennant with...
