by Lara | Oct 9, 2014 | S&P 500, S&P 500 + DJIA
Downwards movement for Thursday’s session was expected. Summary: It is most likely that intermediate wave (1) or cycle wave b (for the bearish wave count) is over. In the short term I expect a little more downwards movement to 1,918, then upwards movement to a...
by Lara | Oct 9, 2014 | S&P 500, S&P 500 + DJIA
Downwards movement below 1,926.03 was unexpected. This changes the wave count substantially. Summary: It is most likely that intermediate wave (1) or cycle wave b (for the bearish wave count) is over. In the short term I expect a five down to 1,918. Click on charts to...
by Lara | Oct 7, 2014 | Public Analysis, S&P 500, S&P 500 + DJIA
Although some downwards movement was expected for Tuesday’s session, the target at 1,950 was comfortably passed. Summary: The correction is not yet over and price should continue a little lower tomorrow. If it breaks below 1,926.03 the wave count changes...
by Lara | Oct 6, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement was expected and was how Monday’s session began. Thereafter, some downwards movement produced a red candlestick which fits the Elliott wave count nicely, so far. Summary: I expect to see a third wave up this week. Tomorrow should begin with a...
by Lara | Oct 3, 2014 | DJIA, S&P 500 + DJIA |
Click on charts to enlarge. Bullish Wave Count Bearish Wave Count
by Lara | Oct 3, 2014 | S&P 500, S&P 500 + DJIA
I had expected downwards movement for Friday, but price moved strongly higher to invalidate the hourly Elliott wave count. Summary: Minute wave iv is over. A clear morning doji star candlestick pattern at the low indicates minute wave v should begin here. The first...
by Lara | Oct 3, 2014 | S&P 500, S&P 500 + DJIA
The upper aqua blue trend line has been breached for the first time since June 2013. I have two Elliott wave counts for you today for each of the bullish and bearish scenarios. Summary: The short term outlook looks a little clearer today. Downwards movement should...
by Lara | Oct 2, 2014 | S&P 500, S&P 500 + DJIA
Downwards movement has brought price to touch the upper aqua blue trend line. Summary: The situation is unclear, but the main wave count still has the better overall look. Movement above 1,964.04 would provide price confirmation that minute wave iv is over and minute...
by Lara | Oct 1, 2014 | Russell 2000, Russell 2000 Historical
Click on charts to enlarge. Data available extends back only to the end of 1987. Data begins with the 1987 “crash” which I am labeling a cycle degree second wave correction. A five wave impulse for a super cycle wave (I) ended in March, 2000. Ratios of...