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 | Gold |
A small inside day leaves all Elliott wave counts unchanged. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. Next week may see a downwards swing which could be the last swing...
by Lara | Nov 1, 2018 | Gold |
Upwards movement was expected for Thursday. This is exactly what has happened. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. For the short term, now expect the current upwards...
by Lara | Oct 31, 2018 | Gold |
Downwards movement was not expected for Wednesday, but price remains above the invalidation point and the preferred Elliott wave count remains valid. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here...
by Lara | Oct 30, 2018 | Gold |
A little more downwards movement remains within the identified consolidation zone. Summary: A multi week consolidation may continue, which may end about 1,217 and may not move below 1,201.14. With price today very close to support, this may present an entry...
by Lara | Oct 29, 2018 | Gold |
A small downwards swing was expected for the short term to a target about 1,220. Downwards movement for Monday to a low at 1,224.91 fits this expectation fairly well. Summary: A multi week consolidation may continue, which may end about 1,217 and may not move below...
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 27, 2018 | Gold |
For the mid term, volume and On Balance Volume this week give an important signal. For the short term, Friday’s candlestick gives a contradictory signal. The main Elliott wave count remains the same. Summary: Another multi week consolidation may have begun,...
by Lara | Oct 25, 2018 | Gold |
Another small range day remains within identified support and resistance. A consolidation was expected to continue. Summary: Another multi week consolidation may have begun, which may end about 1,217 and may not move below 1,201.14. Resistance is about 1,240 and...
