by Lara | Aug 12, 2019 | Gold |
Upwards movement continued as both Elliott wave counts expected. Targets remain the same. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable distance further, or a trend...
by Lara | Aug 10, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same. Classic analysis favours the main Elliott wave count. Summary: An 80% up day, a long lower wick on the weekly candlestick, closure of the last gap, and...
by Lara | Aug 9, 2019 | Gold |
At the end of the week, two small sideways days do not change the overall expectation from both Elliott wave counts. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a considerable...
by Lara | Aug 8, 2019 | Gold |
Both Elliott wave counts have targets which expect more upwards movement. A small range inside day does not change the expectation. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a...
by Lara | Aug 7, 2019 | Gold |
Upwards movement continues as the bullish Elliott wave count has expected. The bearish Elliott wave count remains valid, and the target zone has been widened. Summary: The upwards trend is extreme. Divergence is weakening. Volume and On Balance Volume are bullish. The...
by Lara | Aug 6, 2019 | Gold |
A little more upwards movement fits the bullish wave count better, but both Elliott wave counts remain valid. Support has held. Summary: There remains an upwards trend in place at the weekly chart level. Conditions remain very extreme. This market is still susceptible...
by Lara | Aug 5, 2019 | Gold |
For the short to mid term, both the main daily chart and the main bullish daily chart expected some more upwards movement. The alternate wave count is today invalidated. Summary: There remains an upwards trend in place at the weekly chart level. Conditions remain very...
by Lara | Aug 3, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 At the end of this week, the AD line and VIX indicate the most likely Elliott wave count. Summary: The main wave count will expect intermediate wave (2) may now be over and a third wave up at two degrees may begin on Monday. The target is at 3,213....
by Lara | Aug 2, 2019 | Gold |
Price remains below resistance and above support. This week the trend reaches extreme and conditions are overbought. All three Elliott wave counts remain the same. Summary: There remains an upwards trend in place at the weekly chart level. With conditions extreme, a...
