by Lara | Jan 16, 2015 | S&P 500, S&P 500 + DJIA
The S&P 500 continued its range bound movement. Two points became even clearer by today`s price action. First, the S&P 500 has been going through a consolidation phase. Second, this consolidation phase has more to offer and still is incomplete. Summary:...
by Lara | Jan 15, 2015 | S&P 500, S&P 500 + DJIA
Sideways movement had the upper hand on Thursday`s session, That part was expected but also we expected short term upwards correction to take place before resuming downwards movement. Today`s price action suggests that this might not be the case. Summary:...
by Lara | Jan 14, 2015 | S&P 500, S&P 500 + DJIA
The main Elliott wave count expected the S&P 500 to continue moving towards the downside. Even though the S&P 500 unfolded towards the downside, the downwards movement was longer than the main count expected and in the process the downwards movement...
by Lara | Jan 13, 2015 | S&P 500, S&P 500 + DJIA |
The S&P 500 has yet to show signs of strength to resume its upwards trend. Subminuette wave ii proved that it has more to offer towards the downside before upwards trend resumption. Summary: We should keep in mind that the trend is our friend until proven...
by Lara | Jan 12, 2015 | S&P 500, S&P 500 + DJIA |
A new low was expected to begin the session. The upwards trend should have resumed. Summary: The short term target is at 2,139. A new high above 2,113.43 would provide price confirmation that the bull market will continue for a little longer, and would provide...
by Lara | Jan 9, 2015 | S&P 500, S&P 500 + DJIA |
A slight new high signaled the completion of the first subdivision within minuette wave (iii) and price spent the rest of the day within a downwards correction that has more to offer towards the downside. Summary: The general direction remains up. On Monday`s session...
by Lara | Jan 8, 2015 | S&P 500, S&P 500 + DJIA
Impulsive upwards movement was expected within minuette wave (iii) and the upwards trend has most likely resumed. Summary: The overall theme for today is that direction is still up. Upwards momentum should increase over the next few days and price must make new highs...
by Lara | Jan 8, 2015 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected before a resumption of the upwards trend, but a breach of the channel on the hourly chart indicated that downwards movement was over. Note: Nady Laymoud takes over presentation of the analysis tomorrow until 22nd January,...
by Lara | Jan 7, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not expected, but with no confirmation that the upwards trend had resumed it was allowed for. Summary: A little more downwards movement to 1,989 may complete this correction. A breach of the channel on the hourly chart is still required before...