by Lara | Sep 19, 2016 | S&P 500, S&P 500 + DJIA |
Price has moved sideways. This fits the alternate Elliott wave count better than the main Elliott wave count at this stage. 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...
by Lara | Sep 18, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement for Friday but this did not happen. Price has been moving sideways now for five days. Summary: Classic technical analysis supports the bearish alternate Elliott wave count. This still requires price confirmation below 2,111.05....
by Lara | Sep 15, 2016 | S&P 500, S&P 500 + DJIA |
Both Elliott wave counts remain valid still. Summary: Both Elliott wave counts expect upwards movement tomorrow to at least 2,164. A new high above 2,187.87 would invalidate the bear and confirm the bull, and the target would then be at 2,233. A new low below 2,111.05...
by Lara | Sep 14, 2016 | S&P 500, S&P 500 + DJIA |
Price is still within the confirmation / invalidation points and so both Elliott wave counts still remain valid. Summary: Classic technical analysis today favours the alternate Elliott wave count. A new low below 2,111.05 would confirm the alternate. Price should then...
by Lara | Sep 13, 2016 | S&P 500, S&P 500 + DJIA |
Price remains within the confirmation / invalidation points and so both Elliott wave counts remain valid. Summary: Classic technical analysis today favours the alternate Elliott wave count. A new low below 2,111.05 would confirm the alternate. Price should then...
by Lara | Sep 12, 2016 | S&P 500, S&P 500 + DJIA |
The short term expectation for Monday was for a little downwards movement to a target at 2,122 before a turn and upwards movement. The low for Monday was 2,119.12, 2.88 points below the target. Summary: Friday’s 90% down day is likely to be followed by at least...
by Lara | Sep 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was not expected to break below 2,157.09 for Friday. Friday closed at 2,127.81. Summary: Friday’s 90% down day is likely to be followed by at least 2-7 days of rebound. A new alternate wave count has a good look, and it expects Friday was the...
by Lara | Sep 8, 2016 | S&P 500, S&P 500 + DJIA |
More sideways movement for Thursday’s session fits the main hourly Elliott wave count. Summary: One more day of overall downwards movement to 2,168 but not below 2,157.09 is now expected to complete this consolidation, which began back on 14th of July....
by Lara | Sep 7, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Price continues to move sideways within a clearly defined trading range. Summary: While price remains below 2,193.42, it is still likely that a final small wave down will end the consolidation. A new high reasonably above 2,193.42 would indicate that the consolidation...