by Lara | Aug 22, 2014 | S&P 500, S&P 500 + DJIA
The main Elliott wave count is confirmed and the alternate was invalidated with a new high. The target remains the same. Summary: The fourth wave did not show up, and may not show up for a few days yet. The short term target is 1,999, but this may herald only a brief...
by Lara | Aug 21, 2014 | S&P 500, S&P 500 + DJIA
Price moved higher fitting yesterday’s alternate wave count better, but not quite enough for confirmation. When looking at the daily charts for the “right look” and trend lines, I decided to swap over the main and alternate Elliott wave counts....
by Lara | Aug 20, 2014 | S&P 500, S&P 500 + DJIA
Yesterday’s hourly Elliott wave analysis expected a little more upwards movement in the short term to 1,981. Price did move higher to reach just above the target to 1.982.57. The wave counts remain the same. Summary: It is most likely that tomorrow we shall see...
by Lara | Aug 18, 2014 | S&P 500, S&P 500 + DJIA
Downwards or sideways movement was expected but price has again moved higher. I still expect it is most likely minuette wave (iv) is incomplete. The wave counts remain the same. Summary: It is still most likely that minuette wave (iv) is incomplete. Tomorrow may begin...
by Lara | Aug 16, 2014 | S&P 500, S&P 500 + DJIA |
Price moved slightly lower overall for Friday to complete a red candlestick, which was expected for the main hourly Elliott wave count. The wave counts remain the same. Summary: It is still most likely that minuette wave (iv) is incomplete. I expect downwards movement...
by Lara | Aug 16, 2014 | DJIA, S&P 500 + DJIA
Click on charts to enlarge. Bullish Wave Count. Bearish Wave Count.
by Lara | Aug 15, 2014 | FTSE, FTSE Historical, Public Analysis |
I expect FTSE has seen a big trend change, but this is unconfirmed. Only when the channel on the monthly chart is clearly breached will I have confidence in this wave count. In the short term I expect some more upwards movement to 6,836, but not above 6,894.88. Click...
by Lara | Aug 15, 2014 | S&P 500, S&P 500 + DJIA
Yesterday’s Elliott wave analysis expected slight upwards movement to a short term target at 1,952. Price moved higher than expected reaching up to 1,955.23. Summary: It is still most likely that minuette wave (iv) is incomplete. I expect downwards movement to a...
by Lara | Aug 14, 2014 | Public Analysis, Russell 2000, Russell 2000 Historical
By request from a member here is an Elliott wave analysis of Russell 2000 using data from Yahoo Finance. Click on charts to enlarge. Data available extends back only to the end of 1987. Data begins with the 1987 “crash” which I am labeling a cycle degree...