by Lara | Dec 7, 2016 | S&P 500, S&P 500 + DJIA |
Price remained within the small green channel, so upwards movement was expected to continue. The short term targets were woefully inadequate, but longer term targets remain the same. Summary: Use the narrow green channel on the hourly chart and expect upwards movement...
by Lara | Dec 6, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday, which is exactly what has happened. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227. This bull market is ageing, but it still shows...
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 16, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement. Price has moved sideways, to complete a small doji candlestick, and remains below the invalidation point on the Elliott wave count. Summary: A correction down to about 2,120 and the lilac trend line is still...
by Lara | Nov 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to a short term target at 2,139.50 was expected. Upwards movement did unfold, but reached 7.37 points above the target. Summary: Volume does not support this upwards movement, and there is some regular bearish divergence between price and the AD line...
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 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 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement, which was expected for Wednesday’s session, produced a small green daily candlestick. Summary: Intermediate wave (3) upwards should move above the end of intermediate wave (1) at 2,179.99. Upwards movement for today’s session lacks...