by Lara | Oct 31, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day printed a small red doji candlestick. The Elliott wave counts remain the same. Some divergence today is noted between price and the AD line, and between price and VIX. This may assist to indicate the direction for tomorrow. Summary: Upwards movement...
by Lara | Oct 29, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 2,130.19 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count. At that stage, downwards movement was expected to move slightly below 2,124.43, finding support at the lilac trend line. Price found its low...
by Lara | Oct 27, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for a green daily candlestick for Thursday’s session. The session had a higher high and a higher low, but closed red. Summary: There is conflicting evidence today from bullish divergence between price and VIX and the AD line, and a...
by Lara | Oct 27, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis expected Wednesday’s session to begin with a little downwards movement to end close to 2,140. Thereafter, it was expected that price would turn upwards. The low for the session was 2,131.59. The session closed green although it made a...
by Lara | Oct 26, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Tuesday’s session, which is exactly what happened. The short term target was at 2,145. The low for the day was 2,141.93. Summary: Tomorrow’s session may begin with a very little downwards movement to end close to...
by Lara | Oct 24, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded as expected for Monday’s session. The main Elliott wave count today will have two hourly charts, a main and an alternate. Summary: A downwards day and a red daily candlestick are expected for tomorrow. The preferred target is at 2,145,...
by Lara | Oct 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was again expected and again failed to materialise. The main Elliott wave count is still preferred. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. This...
by Lara | Oct 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected from the main Elliott wave count for Thursday’s session. This did not happen. Price moved lower and sideways to complete a small red doji. Summary: The Elliott wave count expects more upwards movement from here to show an increase...
by Lara | Oct 19, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday, but it did not happen. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. Some increase in volume today supports this idea. The...