by Lara | Feb 6, 2012 | S&P 500
Sideways movement in a small range for Monday’s session has not provided clarity. Price is very close to an important invalidation point. However, if price moves above this point I am comfortable that I have a wave count which fits all subdivisions. If we switch...
by Lara | Feb 5, 2012 | S&P 500 Historical |
If our main wave count is invalidated by upwards movement then this is the alternate we shall use. At the monthly chart level this wave count is the same as our main monthly wave count. Click on the chart below to enlarge. If super cycle wave (x) ended at 1,356.48 on...
by Lara | Feb 5, 2012 | S&P 500
Movement above 1,333.47 was reasonably unexpected and has invalidated our wave count, although we did have some indication before yesterday’s session that this could happen. The Dow importantly has reached to within 6.09 points of its invalidation point on the...
by Lara | Feb 2, 2012 | S&P 500 |
The S&P 500 has moved sideways in a narrow range for Thursday’s session. Price has failed to break below our confidence point and until it does that I will have concerns about this wave count. However, price remains below the invalidation point and the wave...
by Lara | Feb 1, 2012 | S&P 500 |
The S&P 500 behaved as expected during Wednesday’s session, moving higher to 2.52 points above our short term target before turning back down again. At this very early stage we have some confirmation on the hourly chart that we may recently have seen a...