by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Another small range day moved price lower, which the main Elliott wave count expected, but today classic technical analysis strongly suggests the price direction for tomorrow and so a new hourly chart is published today. Summary: VIX today strongly suggests higher...
by Lara | Jun 21, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day remains below the invalidation point on both Elliott Wave hourly charts. Summary: A correction was still most likely over at the last high two days ago. A short term target for the next wave down is 1,987. Trading advice (not intended for more...
by Lara | Jun 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded as expected for the session. Summary: A correction most likely ended today with a throwback to test resistance at the black trend line on the daily chart. A short term target for the next wave down is 1,987. Trading advice (not intended for...
by Lara | Jun 18, 2016 | S&P 500, S&P 500 + DJIA |
A correction was expected to continue during Friday’s session. A small range day with a higher low fits the expectation overall. Summary: Upwards movement is most likely to continue early next week for another two sessions to a target at 2,092 – 2,094 or...
by Lara | Jun 16, 2016 | S&P 500, S&P 500 + DJIA |
Overall, the session unfolded mostly as expected with downwards movement first then upwards movement. A green daily candlestick was expected to continue a bounce. Summary: A multi day correction has most likely begun to a target at 2,094 or 2,099 -2,102. If this...
by Lara | Jun 15, 2016 | S&P 500, S&P 500 + DJIA |
A small bounce began mostly as expected, but it did not begin with a final low first. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an...
by Lara | Jun 14, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was again expected for Tuesday but did not happen. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an opportunity to join the...
by Lara | Jun 13, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was expected for Monday but did not happen. Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term. Summary: A bounce for a second wave correction is still expected on...
by Lara | Jun 12, 2016 | Trading Tips |
Your survival as a trader depends on how you manage risk. The single most important aspect of trading is risk management. Risk management is boring, overlooked by newbies, and ignored by the greedy. Greed without risk management will wipe out your account. The fact is...