by Lara | Dec 16, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement but price moved lower. Price remains above the invalidation point on the hourly chart and the wave count remains the same. The structure for both the S&P 500 and the DJIA is incomplete. Click on the charts below to enlarge....
by Lara | Dec 16, 2012 | DJIA, S&P 500 + DJIA |
Last week’s analysis had two wave counts which diverged. With price movement above 13,290.75 the main wave count was invalidated and the alternate wave count was confirmed. At that point price was expected to move higher. This week we have only one wave count...
by Lara | Dec 13, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement during Thursday’s session which is not what has happened. Price moved lower to breach the invalidation point on the hourly chart requiring a reanalysis of recent movement. The daily chart remains the same. The hourly chart...
by Lara | Dec 12, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement for Thursday’s session which is what has happened. Price is moving towards the target on the hourly chart. The wave count remains the same. Click on the charts below to enlarge. This wave count will be confirmed with...
by Lara | Dec 11, 2012 | S&P 500, S&P 500 + DJIA |
Movement up to 1,434.27 has not invalidated the wave count but it does indicate that the alternate is correct. The Dow has invalidated its main wave count and confirmed its alternate and I would expect the S&P 500 to follow. There is now just one wave count...
by Lara | Dec 11, 2012 | S&P 500, S&P 500 + DJIA |
Price has moved slowly sideways in a very narrow range. The situation is no clearer. The wave counts are the same. Click on the charts below to enlarge. We have recently seen a major trend change in the S&P 500 and the DJIA. This wave count sees the trend at...
by Lara | Dec 9, 2012 | DJIA, S&P 500 + DJIA
Last week’s analysis expected downwards movement for the main wave count, with increasing momentum. We had an alternate hourly wave count which allowed for more upwards movement. Price movement above 13,026.84 invalidated the main hourly wave count leaving only...
by Lara | Dec 9, 2012 | S&P 500, S&P 500 + DJIA
Last analysis expected price to break out of the narrow range it has been trading in for the last four sessions, but it did not do this. Price moved slightly higher remaining below the invalidation point on the hourly chart, still. The wave count is the same. I have a...
by Lara | Dec 6, 2012 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected strong downwards movement for Thursday’s session. Price has not moved lower, but instead moved higher within a small range with a lot of sideways movement. The wave count remains the same. Price remains below the invalidation...