by Lara | Sep 29, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Yesterday’s analysis was indecisive. The preferred Elliott wave count required downwards movement, but volume suggested this might not happen. Price did move lower. The preferred Elliott wave count now looks right and on track. Summary: Tomorrow should see...
by Lara | Sep 29, 2016 | Nasdaq
Updated Elliott wave and Technical analysis of Nasdaq. Summary: Both Elliott wave counts require more upwards movement. In the short term, volume supports this. There is some weakness to upwards movement and it may be limited to no longer than 5,794.91. New updates to...
by Lara | Sep 28, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. This is what happened. Summary: Classic technical analysis suggests more upwards movement tomorrow, but the preferred Elliott wave count requires downwards movement. If price makes a new high above 2,179.58,...
by Lara | Sep 27, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. This is what happened. Summary: The next two or three sessions may be very choppy and overlapping. Support from volume suggests overall upwards movement tomorrow. The target for the mid term remains at 2,233....
by Lara | Sep 26, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday’s session to about 2,155. Monday did move price lower, but it was more than expected closing at 2,146. Summary: One to three days of choppy overlapping upwards movement is expected to end about 2,166. Thereafter, one to...
by Lara | Sep 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday’s session and is exactly what happened. Summary: One more day of downwards movement to about 2,155 may be expected. Thereafter, price should move higher. It is possible that in the next one to few weeks this market may...
by Lara | Sep 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. Summary: Volume and divergence with the AD line suggests one or two days of downwards movement. This supports the second hourly chart for the main wave count. Price may move overall lower over one to a few...
by Lara | Sep 21, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected but did no happen. The session ended with some reasonable upwards movement. Summary: Volume suggests more upwards movement tomorrow. A new high above 2,171.25 would invalidate the alternate and provide some confirmation of the main wave...
by Lara | Sep 20, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis expected more sideways movement for Tuesday’s session. This is exactly what has happened. Summary: Sideways movement is most likely at this stage for a few days, a small pennant is forming. The breakout should be down. A new low below...