by Lara | Jun 10, 2015 | Public Analysis, S&P 500, S&P 500 + DJIA |
The upwards movement, which was unexpected, invalidated the hourly alternate Elliott wave count. Summary: The main wave count is changed. It now expects a third wave up and requires confirmation with a new high above 2,134.72. The alternate expects a primary degree...
by Lara | Jun 9, 2015 | S&P 500, S&P 500 + DJIA |
Further downwards movement fits the alternate Elliott wave count better than the main Elliott wave count, but price has not yet confirmed one and invalidated the other. Summary: The main wave count has again further reduced in probability, but the alternate still...
by Lara | Jun 8, 2015 | S&P 500, S&P 500 + DJIA |
The alternate Elliott wave count is looking increasingly likely, but it remains unconfirmed. Summary: The main wave count has further reduced in probability, but the alternate still requires confirmation. This is a big trend change, even for the bull wave count, and...
by Lara | Jun 5, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not what was expected for the main bull Elliott wave count. The alternate is yet to be confirmed though. Summary: The main wave count must see upwards movement on Monday. The new target is at 2,152. The alternate expects price to continue to...
by Lara | Jun 4, 2015 | S&P 500, S&P 500 + DJIA |
A little downwards and sideways movement was expected, but price moved lower than expected breaching the invalidation point at the hourly chart level. Summary: The triangle is invalidated. The bull wave count requires upwards movement tomorrow. The target for a final...
by Lara | Jun 3, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement was exactly what was expected for Wednesday’s session. The Elliott wave count remains the same. Summary: Sideways movement should continue tomorrow to complete a triangle, with a small downwards movement to most likely fall short of the lower...
by Lara | Jun 2, 2015 | Public Analysis, S&P 500, S&P 500 + DJIA
Upwards movement was expected, but price moved sideways to complete a small red doji. A new low during Tuesday’s session breached the invalidation point on the hourly chart by 0.02 points. Summary: Sideways movement was the continuation of a B wave triangle. The...
by Lara | Jun 1, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Monday did complete a small green candlestick, but a new low of 2 points began the session. This small downwards movement has remained above the invalidation point on the hourly chart. Summary: I expect now one more upwards wave to...