by Lara | Nov 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. Although the candlestick closed red, it did make a higher high and a higher low from the prior day. Summary: A small fourth wave correction may end tomorrow about 2,190. If price makes a new low below...
by Lara | Nov 29, 2016 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point on the hourly Elliott wave count. The small downwards movement for today still fits with overall expectations. Summary: An upwards trend is in place. Corrections are an opportunity to join the trend. A sideways correction is...
by Lara | Nov 28, 2016 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point on the hourly Elliott wave count. The small downwards movement for today still fits with overall expectations. Summary: An upwards trend is in place. Corrections are an opportunity to join the trend. A sideways correction is...
by Lara | Nov 25, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued, fitting the alternate hourly Elliott wave count better than the main Elliott wave count. The target remains the same. Summary: While upwards movement continues, the next target is at 2,227. A new low below 2,182.30 would indicate the...
by Lara | Nov 23, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again. A green daily candlestick was printed, but it is technically an inside day with no new high. Summary: Expect the trend to continue while price remains above 2,182.30. While upwards movement continues, the next target is at 2,227. A...
by Lara | Nov 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued past the target, which was at 2,199. Summary: A target for upwards movement to end is now at 2,206. The limit is at 2,213.03. A pullback is still expected to begin soon and to find support about 2,120 and the lilac trend line for a test of...
by Lara | Nov 21, 2016 | S&P 500, S&P 500 + DJIA |
A new all time high indicates the S&P is still in a bull market. Dow Theory has confirmation. Summary: A pullback is still expected here or very soon indeed. It should begin this week. The target is still about 2,120 and the lilac trend line. Last monthly chart...
by Lara | Nov 20, 2016 | S&P 500, S&P 500 + DJIA |
A slight new high and then downwards movement was expected for Friday. This is exactly what happened. Summary: Downwards movement is expected to begin on Monday towards 2,120. Divergence between price and the AD line, and price and the McClellan Oscillator supports...
by Lara | Nov 17, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis again expected downwards movement. This is not what happened. The invalidation point on the hourly chart was breached by upwards movement. Summary: A downwards pullback is still expected to find support about 2,120 and the lilac trend line....