by Lara | May 31, 2016 | S&P 500, S&P 500 + DJIA |
The target at 2,099 was slightly overshot at the start of today’s session, but price then turned down to breach the channel on the hourly chart. So far price is behaving as expected and offering what looks like a perfect trade set up during today’s...
by Lara | May 28, 2016 | S&P 500, S&P 500 + DJIA |
The target at 2,099 was reached on Friday. Summary: The wave count now expects downwards movement from here. This is supported at the end of this week by classic technical analysis. A breach of the green channel on the hourly chart would be first confidence, and a new...
by Lara | May 26, 2016 | S&P 500, S&P 500 + DJIA |
A tiny red daily doji candlestick sits right on the trend line. Both hourly Elliott wave counts remain valid. Summary: Upwards movement is either over yesterday or it may end slightly higher tomorrow. A breach of the green channel on the hourly chart would provide...
by Lara | May 25, 2016 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line. Price has stopped for the session right at the trend line. Summary: Upwards movement is either over today or it may end slightly higher tomorrow. A breach of the green...
by Lara | May 24, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement, which is exactly what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another one or two days to a target at 2,099...
by Lara | May 23, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day does not clarify the situation. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another two days (or maybe a little longer) to a target at 2,099...
by Lara | May 21, 2016 | S&P 500, S&P 500 + DJIA |
Friday’s analysis came with the warning that the session may print a green daily candlestick, which is what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. A new main hourly wave count expects upwards...
by Lara | May 19, 2016 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for Thursday’s session, which is what happened. Summary: The main wave count expects to see downwards movement accelerate in the next week or so as a third wave unfolds. The first short term target is at 1,988. The long term...
by Lara | May 18, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count again yesterday, which is exactly what happened. Upwards movement during the session was also expected for a second wave bounce. Summary: The main wave count expects to see downwards movement accelerate...