by Lara | Oct 30, 2014 | Public Analysis, S&P 500, S&P 500 + DJIA
Downwards movement was expected, but both hourly Elliott wave counts were invalidated with movement above 1,991.40. Summary: The upwards structure is again incomplete. The target for more upwards movement to end is 2,012. If we see a new high above 2,019.26 the main...
by Lara | Oct 29, 2014 | S&P 500, S&P 500 + DJIA
A little upwards movement was expected, but the first target at 1,999 has not been met. Note: Unfortunately, my desktop and laptop died in the last 24 hours (maybe it was that lightning strike?). So I am using a borrowed laptop, but it does not yet have the recording...
by Lara | Oct 28, 2014 | S&P 500, S&P 500 + DJIA
Yesterday’s Elliott wave analysis expected more upwards movement which is what has happened. Summary: The structure is incomplete. The target is at either 1,999 or 2,012. Upwards movement should continue tomorrow. Click on charts to enlarge. Bearish Wave Count...
by Lara | Oct 27, 2014 | S&P 500, S&P 500 + DJIA
A little more upwards movement was expected, but price is moving sideways. Summary: A fourth or B wave triangle is almost complete. One final upwards wave should follow to either 1,975 or 2,012. The lower target looks more likely as the upper aqua blue line looks like...
by Lara | Oct 25, 2014 | S&P 500, S&P 500 + DJIA |
Upwards movement continued. There was no breach of the small channel on the hourly chart, and so no confirmation of a trend change. Summary: It is likely that upwards movement will continue a little further to 1,968 or 2,003. Click on charts to enlarge. Bearish Wave...
by Lara | Oct 23, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement was expected into a target zone of 1,952 – 1,982. Summary: It is likely that the upwards correction is complete and the next wave down has begun. This is either a third wave or a C wave. Initially a clear breach of the small channel on the...
by Lara | Oct 22, 2014 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This has been followed by a little downwards movement which still fits within this Elliott wave count perfectly. Summary: At least one more short upwards wave is required to complete the structure. The target is 1,971. Click on charts to...
by Lara | Oct 21, 2014 | S&P 500, S&P 500 + DJIA
I had expected a red candlestick for Tuesday’s session which is not what happened. I have a new wave count for you today. Summary: The situation is unclear. I still favour a bearish wave count, but it is possible we may see a new high before the market turns. In...
by Lara | Oct 20, 2014 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Downwards movement was expected. Upwards movement remains below the invalidation point. Summary: I expect downwards movement and a red candlestick for Tuesday’s session for a fifth wave which should be 93.23 points in length. If upwards movement breaches...