by Lara | Jun 22, 2015 | S&P 500, S&P 500 + DJIA
The main Elliott wave count overall expected more upwards movement, but a short term move down to 2,103.67 was expected and did not happen. Summary: Overall more upwards movement is expected to a target at 2,185. This target may change when the calculation may be done...
by Lara | Jun 19, 2015 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement, but this is not what happened. Downwards movement remains above the invalidation point on the hourly Elliott wave chart. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count...
by Lara | Jun 18, 2015 | S&P 500, S&P 500 + DJIA
The main bull Elliott wave count overall expects upwards movement, but a small second wave correction was expected to move price lower for Thursday’s session which did not happen. Summary: There is zero confirmation of a trend change from bull to bear. The main...
by Lara | Jun 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement again favours the bull Elliott wave count. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count will therefore expect to see a continuation of the upwards trend; the target remains the same at 2,185, and it may...
by Lara | Jun 16, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement favours the bull Elliott wave count. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count will therefore expect to see a continuation of the upwards trend; the target remains the same at 2,185, but the...
by Lara | Jun 15, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not expected from the main Elliott wave count, but it has not been enough to invalidate the main Elliott wave count at the hourly chart level. Summary: The main wave count assumes a bull market remains intact because we have zero confirmation of...
by Lara | Jun 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected by both the new Elliott wave count (presented in yesterday’s update) and the alternate. Summary: The new main wave count has a target at 2,161 which may be met in another five or ten days. The alternate requires a new low at least...
by Lara | Jun 11, 2015 | S&P 500, S&P 500 + DJIA |
I have found a more acceptable bull Elliott wave count which sees the ending diagonal incomplete. Bull Wave Count Click chart to enlarge. The ending contracting diagonal may be incomplete. The diagonal is still contracting. Minute wave iii is shorter than minute wave...
by Lara | Jun 11, 2015 | S&P 500, S&P 500 + DJIA
A little more upwards movement has reduced the probability of the alternate Elliott wave count. Summary: The main wave count expects a third wave up and requires confirmation with a new high above 2,134.72. The alternate expects a primary degree trend to remain down...