by Lara | Aug 21, 2012 | S&P 500, S&P 500 + DJIA |
The S&P 500 moved lower during Monday’s session which is what the main wave count expected. I will be using confirmation / invalidation and confidence points this week, along with parallel channels to determine between our main and alternate daily wave...
by Lara | Aug 19, 2012 | S&P 500, S&P 500 + DJIA
As expected from last analysis the S&P 500 moved higher during Friday’s session. Price remained comfortably above the invalidation point. Upwards movement has fallen short of the target by 2.29 points. Monday’s session will be crucial. If the main...
by Lara | Aug 19, 2012 | DJIA, S&P 500 + DJIA
Movement early in the week above 13,215.9 invalidated the alternate hourly wave count confirming the main wave count. At that stage the target for upwards movement was 13,250 in the first instance. Price has passed this target during last week. The main wave count has...
by Lara | Aug 16, 2012 | S&P 500, S&P 500 + DJIA |
Movement above 1,410.03 invalidated the alternate hourly wave count confirming the main wave count. At that stage the short term target was close by at 1,413 and the first target for the movement to end at 1,417 was met during Thursday’s session. The S&P...
by Lara | Aug 15, 2012 | S&P 500, S&P 500 + DJIA
With the S&P 500 again moving very slowly sideways within a small range both of yesterday’s hourly wave counts remain valid. Looking at the subdivisions of Wednesday’s movement on the 5 minute chart may give some clues as to which wave count has a...
by Lara | Aug 15, 2012 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis of the S&P 500 cash index expected a new high as most likely during Wednesday’s session which is exactly what happened. At this stage the alternate daily wave count remains technically valid, but it looks very strange and unlikely...
by Lara | Aug 13, 2012 | S&P 500, S&P 500 + DJIA
The SPX500 has again moved sideways within a narrow range. Market behaviour over the last 4 sessions fits nicely into the main hourly wave count and this wave count has a higher probability. With more structure complete I can now calculate a target for the main wave...
by Lara | Aug 12, 2012 | DJIA, S&P 500 + DJIA
Last week’s analysis of the Dow expected more upwards movement towards a target at 13,155 to 13,160. Price has risen to reach 55.9 points above the upper end of the target zone. Sideways movement of the last three days can be interpreted differently. I have two...
by Lara | Aug 12, 2012 | S&P 500, S&P 500 + DJIA |
Price again moved mostly sideways during Friday’s session, slightly breaching the very short term invalidation point at 1,396.13 but remaining above the main wave count invalidation point. I still have two wave counts to end the week. At this stage the wave...