by Lara | Oct 31, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but the target at 2,107 was too high. Summary: Upwards movement may be over. A clear breach of the channel on the hourly chart would provide confidence. The next wave down would most likely make new lows. A new low below 2,020.13 would...
by Lara | Oct 29, 2015 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected. Price moved slightly higher and mostly sideways to complete very small green doji. Summary: The final target now calculated at two wave degrees is 2,107. This may be met tomorrow, and it may end the bear market rally. To see how...
by Lara | Oct 28, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement to a target at 2,082 – 2,089 was expected. Price moved higher to reach up to 2,090.35. Summary: The structure of the final fifth wave is incomplete, at the hourly chart level, so yet more upwards movement is expected to a new target at 2,110...
by Lara | Oct 28, 2015 | Nasdaq |
Nasdaq has breached its bull market trend line by a close of more than 3% of market value. I have two Elliott wave counts today. The first is bullish, still at super cycle degree. The second expects Nasdaq is in the early stages of a huge market crash. To see detail...
by Lara | Oct 27, 2015 | S&P 500, S&P 500 + DJIA
The fourth wave correction continued a little lower to complete a small red doji with a long lower shadow. Summary: A short brief fifth wave upwards to the target at 2,082 – 2,089 would complete this entire structure for a bear market rally. If the target is met...
by Lara | Oct 26, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement for a fourth wave was expected and this was exactly what happened for Monday’s session. Summary: A fourth wave triangle may have ended at the conclusion of Monday’s session, or it may yet continue sideways a little longer. When it is done...
by Lara | Oct 24, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement was 2,065 or 2,080. Price moved higher as expected for Friday to reach 2,079.74. Summary: A little more upwards movement to 2,082 would complete the structure. A fourth wave correction may unfold sideways first, and so the target may be...
by Lara | Oct 22, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was unexpected and invalidated the wave count at the hourly chart level. Summary: The structure upwards is either an incomplete double or single zigzag. The target for it to end is 2,065 or 2,080. To see how each of the bull and bear wave counts fit...
by Lara | Oct 21, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: Both wave counts now expect downwards movement to continue for at least a few days. The target for the bear wave count is 1,778. The bull wave count may see a zigzag down for a C wave of a triangle which must end above...