by Lara | Jan 20, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower as the preferred hourly Elliott wave count expected. Summary: The middle of a big third wave should be approaching. The wave count expects a further increase in momentum. This view has a higher probability than the alternate which expects a bounce...
by Lara | Jan 19, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement fits both Elliott wave hourly wave counts and does not provide clarity. The upper price point to differentiate the two ideas may be moved lower. Summary: The trend is down. The only question still today is: are we going to see a deeper bounce here or...
by Lara | Jan 17, 2016 | FTSE, Public Analysis |
FTSE continues to fall as this analysis has been expecting. Summary: FTSE may still be within the middle of a third wave down, and the very middle has not yet passed. Downwards momentum should be expected to increase. The middle of the third wave may end at 5,383....
by Lara | Jan 16, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis reminded members that the trend is still down. A new low below the August lows was expected. Summary: The trend is still down. When markets open on Tuesday a new low below 1,857.83 would be very bearish. If that happens, expect surprises to the downside....
by Lara | Jan 14, 2016 | S&P 500, S&P 500 + DJIA |
On the preferred hourly chart, upwards movement has breached the base channel but remains below the invalidation point. Summary: The trend is still down. Upwards movements are corrections against the trend. While price remains below 1,949.95 the preferred idea will...
by Lara | Jan 14, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 1,901.10 confirmed a third wave down was unfolding. Thereafter, price continued lower. Summary: The trend is definitely down. The middle of a huge third wave is close and has not yet passed. The new target is 1,655. The invalidation point is relatively...
by Lara | Jan 12, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis warned that the S&P may bounce, which is what happened. Summary: More upwards movement is most likely, which may last about two weeks and end above 2,027. This outlook would be confirmed with a new high above 1,947.38 and a breach of...
by Lara | Jan 11, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement continued as the preferred hourly chart expected. Summary: Divergence (slight) with RSI and VIX indicates this downwards move is over for now. This increases the probability of the leading diagonal scenario. If price breaks above the upper edge of...
by Lara | Jan 9, 2016 | S&P 500, S&P 500 + DJIA |
The first target for a short term interruption to the trend at 1,919 was met on Friday. Summary: This is not the end of the third wave yet although the short term target at 1,919 was met. The lower second target at 1,818 will be used. Downwards movement should...