by Lara | Feb 28, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was expected for Tuesday’s session. There are only now two hourly Elliott wave counts. Summary: The situation is unclear: volume is bearish short term while divergence between price and VIX, and price and the AD line, is bullish short term....
by Lara | Feb 27, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was not expected for Monday. The main Elliott wave count expected downwards movement for the session. The current situation has multiple possibilities and for members today three hourly Elliott wave counts are again presented along with some cautious...
by Lara | Feb 25, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was not expected for Friday. The slight new lower high and lower low essentially moved price sideways for the session. Summary: A consolidation may end Monday with a short wave down to end below 2,352.87. Thereafter, the upwards trend should resume....
by Lara | Feb 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick with a long lower wick makes the Elliott wave count have a better look now at the daily chart level. Summary: The target at minor degree is recalculated to 2,399. Persistent divergence with price and vix, and now today with price and the AD...
by Lara | Feb 22, 2017 | S&P 500, S&P 500 + DJIA |
A small sideways day sees the Elliott wave count slightly adjusted, which effects the target zone. An alternate hourly Elliott wave count is provided today just in case. Summary: The target for this upwards wave to end can now be calculated at two degrees as a range...
by Lara | Feb 21, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement for the start of the week breaks above a prior small consolidation with a breakaway gap. Gaps can be useful for trading. The target given by the Elliott wave count can now be calculated at two degrees, so it widens to a small zone. Summary: The...
by Lara | Feb 18, 2017 | S&P 500, S&P 500 + DJIA |
Friday completed an inside day which fits the Elliott wave count well. Summary: Minor wave 4 may continue. Price may consolidate here for another three days. A new low below 2,322.17 now would confirm minor wave 4 has arrived. At its end, minor wave 4 should offer an...
by Lara | Feb 16, 2017 | S&P 500, S&P 500 + DJIA |
Thursday’s session was expected as very likely to see price move lower due to strong and unusual divergence between price and VIX for Wednesday’s session, which was interpreted as bearish. Thursday made a slightly higher high and a higher low, the...
by Lara | Feb 15, 2017 | S&P 500, S&P 500 + DJIA |
The short term target has been met and the mid term target remains the same. Price continued higher and almost met the target, which was at 2,353, fitting the second hourly Elliott wave chart. Summary: Minor wave 3 may be over today. Very strong divergence between...