by Lara | Sep 29, 2014 | S&P 500, S&P 500 + DJIA |
A slight new low fitted the alternate hourly Elliot wave count and invalidated the main hourly Elliott wave count. Summary: I have more confidence today that the correction is over. I expect about two to four weeks of upwards movement to a target at 2,042. Click on...
by Lara | Sep 29, 2014 | S&P 500, S&P 500 + DJIA
Click on chart to enlarge. Alternate Wave Count It has been suggested that the S&P 500 may not be able to make new highs in the near future, because some technical indicators are predicting a big trend change and a reasonable drop at this point. I wanted to show...
by Lara | Sep 29, 2014 | DJIA, S&P 500 + DJIA
Click on charts to enlarge. Bullish Wave Count Bearish Wave Count Alternate Bullish Wave Count This alternate idea works for the bearish wave count as well. For the bullish wave count price is now below the lower edge of a base channel about primary waves 1 and 2....
by Lara | Sep 27, 2014 | S&P 500, S&P 500 + DJIA
I had expected more downwards movement for Friday’s session. This is not what happened. Upwards movement breached the invalidation point on the hourly Elliott wave chart. Summary: Movement above 1,999.79 would confirm that this correction is over and price...
by Lara | Sep 26, 2014 | S&P 500, S&P 500 + DJIA
Movement below 1,978.63 invalidated the main hourly wave count and confirmed the first alternate. The target then was at 1,968. Price reached down to 1,966.56. Summary: The structure is incomplete. I expect more downwards movement to a target at 1,953. Price should...
by Lara | Sep 25, 2014 | S&P 500, S&P 500 + DJIA
Price began the session with a little downwards movement. This is enough to complete the Elliott wave structure. Now a trend change needs to be confirmed. Summary: The fourth wave correction may be over. The fifth wave may have begun and the first target is 2,105. A...
by Lara | Sep 23, 2014 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Price moved lower exactly as expected for Tuesday’s session. Summary: The fourth wave correction looks like it is more likely a flat and may end tomorrow. The target for downwards movement is at 1,968. Alternatively, the correction could still be a triangle and...
by Lara | Sep 23, 2014 | S&P 500, S&P 500 + DJIA
Price moved lower exactly as expected for Monday’s session. Summary: The fourth wave correction looks like it is more likely a flat and it may end sooner than I had expected. The target for downwards movement is at 1,968, and this may be met within a very few...
by Lara | Sep 21, 2014 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but the target at 2,013 was comfortably passed. Thereafter, downwards movement to complete a red candlestick for Friday’s session was expected. Summary: The fourth wave correction is either a flat correction which may end in...