by Lara | Jul 10, 2012 | S&P 500, S&P 500 + DJIA |
The S&P 500 moved mostly sideways and slightly lower during Monday’s session, remaining well within the confirmation / invalidation points for both hourly wave counts and providing us with no clarification. We need to see price break out of this range...
by Lara | Jul 8, 2012 | DJIA, S&P 500 + DJIA
Last week’s analysis had two hourly wave counts with a differentiating price point at 12,898.94. This price point was quickly passed at the open of the trading week invalidating the main hourly wave count and confirming the alternate. The alternate wave count...
by Lara | Jul 8, 2012 | S&P 500, S&P 500 + DJIA |
Downwards movement has invalidated the main and alternate hourly wave counts. To end the trading week I have two wave counts. We can use confirmation / invalidation points to work with these two wave counts next week. The sole daily wave count remains valid and is...
by Lara | Jul 5, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement. The S&P 500 has moved lower but remains within allowable limits of the wave count, and price remains above the invalidation point. I have still just the one daily wave count today. I have two hourly wave counts looking at...
by Lara | Jul 4, 2012 | S&P 500, S&P 500 + DJIA |
Movement above 1,366.35 invalidated the main hourly wave count and confirmed the alternate. At that stage I expected price to continue rising towards the target. I have just the one hourly wave count today. I will go over an alternate monthly chart and the breakdown...
by Lara | Jul 2, 2012 | S&P 500, S&P 500 + DJIA |
Movement above 1,363.46 has given us some clarity with invalidation of the main wave count and confirmation of the alternate. Today, I have only one daily wave count and two hourly wave counts. We can use confirmation / invalidation points to work with these two wave...
by Lara | Jul 1, 2012 | S&P 500, S&P 500 + DJIA |
Movement above 1,361.01 has invalidated the main hourly wave count. I still have two daily wave counts. The price point which differentiates the two wave counts is very close by. We should know early on Monday morning which wave count is correct. Click on the charts...
by Lara | Jul 1, 2012 | DJIA, S&P 500 + DJIA
Last week’s analysis expected the Dow to move lower to a target of 12,520. Price reached down to 12,458.04 before turning back upwards. Thereafter, analysis expected a deep correction and favoured the 0.618 Fibonacci ratio of the previous impulse. Price has...
