by Lara | May 30, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. I am changing the Elliott wave count though, because downwards momentum is weak and there has not been a clear five down on the hourly chart. Summary: I expect now one more upwards wave to 2,154. If this target is met it may flush out...
by Lara | May 28, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: The next move for the S&P may be a strong third wave down to a short term target about 2,069. Changes to last analysis are italicised. To see a weekly chart and how to draw trend lines go here. Bull Wave Count Click chart...
by Lara | May 27, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected to complete a small fourth wave correction to about 2,107, a small green candlestick or doji was expected for Wednesday. This is not what happened. Price moved much higher than expected, breaching the invalidation point on the hourly...
by Lara | May 26, 2015 | S&P 500, S&P 500 + DJIA |
The short term target for downwards movement at 2,103 was met and exceeded slightly by 3.73 points. Summary: A small fourth wave correction is incomplete; sideways movement may complete a small green candlestick or doji for tomorrow. The fourth wave may end about...
by Lara | May 22, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. A small red candlestick fits the Elliott wave count. Summary: The short term target is at 2,103 and may be met next week. The main wave count will remain relatively bullish while price remains above the long held bull trend line on the...
by Lara | May 21, 2015 | S&P 500, S&P 500 + DJIA |
Again upwards movement may be over, but confirmation is required. Summary: The trend channel on the hourly chart should be breached tomorrow, if there has been a trend change. While price remains within the channel on the hourly chart, it must be accepted that a...
by Lara | May 20, 2015 | S&P 500, S&P 500 + DJIA
Again upwards movement may be over, but confirmation is required. Summary: Again the structure of this contracting diagonal is complete. A breach of the channel on the hourly chart is absolutely required for confidence in a trend change at least at minute degree....
by Lara | May 19, 2015 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement may now be over for the S&P. The Elliott wave structure is now complete, just short of the target at 2,135 to 2,137. Summary: Upwards movement may have ended on Tuesday slightly short of the target. A trend change, no matter what degree, still...
by Lara | May 18, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement for Monday is exactly what the Elliott wave count expected. The target remains the same. Summary: Upwards movement may end this week. The target may now be calculated at two wave degrees giving a small range of 2,135 – 2,137. The upper i-iii...