by Lara | Jul 20, 2015 | S&P 500, S&P 500 + DJIA
I have two Elliott wave counts for you today. Price will tell us this week which one is correct. Summary: A new low below 2,074.28 would provide some confidence in the first wave count, the target would be at 1,983. A new all time high above 2,134.72 would provide...
by Lara | Jul 18, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement continued, which was not expected for the main Elliott wave count. However, price has remained below the invalidation point, but is now slightly breaching the upper trend line which was expected to provide resistance. Summary: The main wave count...
by Lara | Jul 16, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement continued, which was not expected for the main Elliott wave count. However, price has remained below the invalidation point and below the upper trend line which should provide resistance. Summary: The main wave count still expects a strong third wave...
by Lara | Jul 15, 2015 | S&P 500, S&P 500 + DJIA |
Wednesday completed a small red candlestick after moving a little higher. Downwards movement has clearly breached the channel on the hourly chart. Summary: A third wave within a third wave down should begin from here to 1,995 or 1,922. Changes to last analysis are...
by Lara | Jul 14, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected, but to have confidence in that expectation a breach of a small channel on the hourly chart and a new low were required, but neither happened. Price moved higher. Summary: The channel on the hourly chart still needs to be breached to...
by Lara | Jul 13, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement for Monday was 2,097. Price moved higher, as expected, to reach 3.67 points above the target. Summary: The downwards trend should resume this week, most likely tomorrow. The target for a third wave down is at 1,982. To see a weekly...
by Lara | Jul 11, 2015 | HSI, NZ50 |
I’ve been following the New Zealand stock market for a while now. This is the first time I’ve shared this analysis with members and the general public. I’ve also more recently with interest been watching what’s happening in China and Hong Kong....
by Lara | Jul 10, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for Friday, but it did not happen. Upwards movement remains below the invalidation point and within the recent zone of resistance. Summary: Monday is highly likely to see some upwards movement, at least a little above 2,085.06, with the...
by Lara | Jul 9, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s hourly wave count expected overall sideways movement: some upwards movement to complete a triangle to be followed by downwards movement as a fifth wave began. This is exactly what happened. Summary: The fourth wave may now be complete. The target for...