by Lara | Nov 25, 2014 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Summary: The structure is still incomplete. I expect price to keep rising. The next likely target is at 2,079. Click on charts to enlarge. Bull Wave Count I will favour neither the bull or bear wave count. Both are viable and...
by Lara | Nov 22, 2014 | S&P 500, S&P 500 + DJIA |
Upwards movement and a slight increase in upwards momentum was expected. Summary: The structure is still incomplete. I expect price to keep rising. The next likely target is at 2,079. Click on charts to enlarge. Bull Wave Count I will favour neither the bull or bear...
by Lara | Nov 20, 2014 | S&P 500, S&P 500 + DJIA
Another green candlestick fits the Elliott wave count. Summary: The structure is still incomplete. I expect price to keep rising. The next likely target is at 2,079. Click on charts to enlarge. Bull Wave Count I will favour neither the bull or bear wave count. Both...
by Lara | Nov 20, 2014 | S&P 500, S&P 500 + DJIA
The Elliott wave count is adjusted at the hourly and five minute chart level. The target remains the same. Summary: The structure is still incomplete. I expect price to keep rising. The next likely target is at 2,079. Click on charts to enlarge. Bull Wave Count I will...
by Lara | Nov 19, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement has confirmed the main hourly Elliott wave count and invalidated the alternate. The second target was reached and passed by 1.08 point. Summary: The structure is again incomplete. I expect price to keep rising. The next likely target is at 2,079....
by Lara | Nov 17, 2014 | S&P 500, S&P 500 + DJIA
Sideways movement in a very small range for Monday leaves both the main and alternate Elliott wave counts exactly the same. Summary: A new high above 2,046.18 would confirm upwards movement should continue, and the first target is 2,049. If price keeps rising above...
by Lara | Nov 16, 2014 | S&P 500, S&P 500 + DJIA
Sideways movement in a very small range for Friday leaves both the main and alternate Elliott wave counts exactly the same. Summary: A new high above 2,046.18 would confirm upwards movement should continue, and the first target is 2,049. If price keeps rising above...
by Lara | Nov 14, 2014 | S&P 500, S&P 500 + DJIA
A small green doji candlestick for Thursday’s session invalidated the main hourly Elliott wave count, but was allowed for in the alternate. Summary: A new high indicates that upwards movement is not over. A new high above 2,046.18 would confirm upwards movement...
by Lara | Nov 12, 2014 | S&P 500, S&P 500 + DJIA |
Another green candlestick was expected for Wednesday up to the target at 2,049. This is not what happened. Summary: Again, upwards movement could be over with a complete structure. I expect downwards movement from here for at least one week. The depth and structure...