by Lara | Aug 18, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for the first Elliott wave count. Summary: The first wave count should see strong downwards movement this week towards the target at 2,002. The second wave count expects upwards movement to continue, but this is not currently supported...
by Lara | Aug 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement fits both Elliott wave counts. Summary: The first wave count should see strong downwards movement this week towards the target at 2,002. The second wave count expects upwards movement to continue, but this is not currently supported by volume. A new...
by Lara | Aug 15, 2015 | S&P 500, S&P 500 + DJIA |
Friday’s session remained within the range of the prior day. Summary: The analysis remains exactly the same. The first wave count is looking slightly more likely at this stage, but is unconfirmed. It now expects very strong downwards movement, which must unfold...
by Lara | Aug 13, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis stated that for the first Elliott wave count there was a “very real possibility that a second wave correction may yet move higher”, and the second wave count expected upwards movement. Summary: The first wave count is looking...
by Lara | Aug 12, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday, but did not happen. Summary: The first wave count now expects downwards movement to continue for a third wave to end at 2,002. Before this gets underway though, there is the very real possibility that a second wave...
by Lara | Aug 11, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Tuesday, but the invalidation point allowed for a second wave correction. Summary: The first wave count expects upwards movement still to not end until a new high above 2,114.24, to a target at 2,119. The second wave count...
by Lara | Aug 10, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday. Summary: The first wave count expects upwards movement to end at 2,119 when price touches the upper edge of the channel on the hourly chart. The second wave count expects an upwards trend has resumed to new all time highs. A...
by Lara | Aug 8, 2015 | S&P 500, S&P 500 + DJIA |
A short term target for downwards movement for Friday was 2,070 – 2,069. Price moved lower to reach 2,067.91 before turning up as expected. Summary: Both wave counts expect upwards movement next week. If price breaks above 2,132.82, then the first wave count...
by Lara | Aug 6, 2015 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected, but did not happen. Summary: For the short term, both wave counts expect downwards movement to 2,070 – 2,069 to be followed by upwards movement to at least above 2,114.24. How high the next wave goes may tell which wave...