by Lara | May 18, 2016 | FTSE, FTSE Historical |
FTSE breached the channel confirming a trend change. Thereafter, it continued lower as expected. Summary: FTSE may be beginning on a third wave down. The wisest approach to this market may be to wait for confirmation with a new low below 6,054.74 and a breach of the...
by Lara | May 17, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count yesterday and this is exactly 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...
by Lara | May 17, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected from the main hourly Elliott wave count, which is what happened. Summary: The hourly wave counts are swapped over today. The new main count expects downwards movement to accelerate this week, with a short term target at 1,988 and a long...
by Lara | May 14, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday, which is what happened. Summary: Volume and On Balance Volume indicate that a bounce up may unfold for Monday / Tuesday next week as per the main hourly wave count. If price gets up that high, look for strong resistance at...
by Lara | May 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected as most likely for Thursday’s session. Price moved lower but not conclusively; a red doji candlestick was printed. The situation short term remains unclear. The Elliott wave count mid / long term still looks right. Summary: It is...
by Lara | May 11, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement for Wednesday’s session fits what was expected as most likely for the hourly Elliott wave count in last analysis. Summary: A five down on the daily chart is complete. The following upwards correction is more likely incomplete, so it is more...
by Lara | May 11, 2016 | FTSE, Public Analysis |
FTSE breached the channel confirming a trend change. Thereafter, it continued lower as expected. Summary: FTSE may have just begun a second wave correction. It may end in a few days about 6,279. But look out for surprises to the downside because it is possible it may...
by Lara | May 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Tuesday’s session but did not happen. Upwards movement invalidated the hourly Elliott wave count, but the daily Elliott wave count remains on track. Summary: A five down on the daily chart for minor 1 is complete. Minor 2...
by Lara | May 9, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Monday to a target at 2,063. Price moved higher, to 2,064.15. Summary: Downwards movement may produce a red candlestick for Tuesday towards a target at 2,031. This is expected to be a fifth wave of the first impulse down...