by Lara | May 10, 2012 | S&P 500, S&P 500 + DJIA
The S&P 500 has moved mostly sideways, but importantly our main hourly wave count was invalidated by a fraction of a point by upwards movement. Our one daily wave count looks correct and we have mid and long term targets for this. Click on the charts below to...
by Lara | May 10, 2012 | S&P 500, S&P 500 + DJIA |
The S&P 500 has moved slightly lower during Wednesday’s session and the small correction we were expecting may already be over. We now have short term, mid term and long term targets with only the one daily wave count. Today I have an alternate hourly wave...
by Lara | May 8, 2012 | S&P 500, S&P 500 + DJIA |
Movement below 1,357.38 has confirmed our main wave count and invalidated our alternate. We have clarity with only one wave count. Our main wave count expected downwards movement yesterday to a short term target at 1,353. Price moved lower to reach 5.25 points below...
by Lara | May 8, 2012 | S&P 500, S&P 500 + DJIA
Last analysis expected price to move downwards for both the main and alternate wave counts. Price has moved lower to start the session, and then has bounced upwards for a small correction. We still have two wave counts. The price point which differentiates them is now...
by Lara | May 6, 2012 | DJIA, S&P 500 + DJIA
Movement to a new high above 13,297.11 invalidated the main wave count and confirmed the alternate. I have two wave counts for next week. We have a confirmation / invalidation point to the downside which clearly differentiates the two wave counts. Movement below this...
by Lara | May 6, 2012 | S&P 500, S&P 500 + DJIA |
Strong downwards movement during Friday’s session has breached the parallel channel on what is at the moment our main wave count. Price is just above the invalidation point. If this wave count is incorrect we should see it invalidated early next week. The...
by Lara | May 3, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected price to most likely move higher during Thursday’s session. The S&P 500 has moved lower, finding support exactly at the lower edge of the parallel channel on the daily chart and remaining just above our invalidation point on the...
by Lara | May 2, 2012 | S&P 500, S&P 500 + DJIA |
The S&P 500 has moved lower invalidating both of our hourly wave counts. However, I have a new main hourly wave count which has an excellent look and excellent Fibonacci ratios. We may expect the target should be reached by the end of this week or early next...
by Lara | May 1, 2012 | S&P 500, S&P 500 + DJIA |
Price has moved higher which was not what last analysis expected. With the Dow invalidating its main wave count with upwards movement it now looks like the alternate wave count for both markets is correct. We should expect the trend to continue towards the target....
