by Lara | Jan 30, 2015 | S&P 500, S&P 500 + DJIA |
Both Elliott wave counts remain valid as price unfolded within a range on Friday`s session, and price has still not confirmed either Elliott wave count. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed with a new...
by Lara | Jan 29, 2015 | S&P 500, S&P 500 + DJIA |
Price has still not confirmed either Elliott wave count, and they both remain valid. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed with a new low below 1,988.12. The alternate must see upwards movement from here,...
by Lara | Jan 29, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for both Elliott wave counts. Summary: This is where the main and alternate wave counts diverge. The main wave count expects more downwards movement to 1,955. This would be confirmed with a new low below 1,988.12. The alternate expects...
by Lara | Jan 28, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the main Elliott wave count and upwards movement was expected for the alternate. Summary: I expect downwards movement at least to start tomorrow’s session. If the blue 2-4 trend line on the alternate chart is not breached, and...
by Lara | Jan 27, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. The session did begin with downwards movement, but that was retraced to complete a green candlestick. Summary: The main wave count requires downwards movement from here. A new low below 1,988.12 would confirm the main count...
by Lara | Jan 23, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected for Friday’s session. The Elliott wave counts remain mostly the same. Summary: Downwards movement is expected in the short term for both wave counts. If downwards movement breaches 1,988.12 the alternate bull wave count will be...
by Lara | Jan 23, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. The Elliott wave counts remain the same. Summary: More upwards movement is required in the short term. A new high above 2,124 would see the main bull wave count discarded in favour of the alternate. Click on...
by Lara | Jan 22, 2015 | S&P 500, S&P 500 + DJIA |
A new low was expected to begin the session. The upwards trend should have resumed. Summary: In the short term either this sideways correction is incomplete (main wave count) or one last final high will be seen before a primary degree trend change (alternate wave...
by Lara | Jan 20, 2015 | S&P 500, S&P 500 + DJIA
Generally speaking the S&P 500 unfolded towards the upside as expected. However, the latest upwards movement did not unfold in a five wave structure, and is clearly corrective and that suggests that the structure we have been following is still incomplete....