by Lara | Feb 5, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected to begin Friday’s session. This did not happen. Summary: Monday should see strong downwards movement. The target remains at 1,428 for the preferred bear wave count, or 1,693 for the less preferred bull wave count. To see...
by Lara | Feb 4, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement with lighter volume to complete a small green doji is weak. Targets and expectations remain the same. Summary: Price should move a little higher to complete a small correction when markets open tomorrow. Third waves often start out slowly with a...
by Lara | Feb 3, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 1,872.7 provides more confidence in the hourly Elliott wave counts. Summary: Final confidence in the resumption of the downwards trend would come with a breakout of the current consolidation, which has its lower limit about 1,870, on a downwards day...
by Lara | Feb 3, 2016 | FTSE, FTSE Historical, Public Analysis |
A new low below the August low of 5,768.22 was required and expected. This week’s FTSE analysis is for members only. To subscribe click here. Summary: FTSE has most likely recently ended a correction. More confidence may be had that the downwards trend has...
by Lara | Feb 2, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA
A breach of the channel on the hourly Elliott wave chart provides some confidence the bounce is over. Summary: There is earliest confirmation of a trend change today. The probability that the bounce is over has increased. Further confidence may be had with a new low...
by Lara | Feb 1, 2016 | S&P 500, S&P 500 + DJIA |
Higher prices were expected for Monday. Higher prices is what happened. Summary: The correction may now be complete, but this absolutely requires confirmation before any confidence may be had that the downwards trend is about to resume. A clear breach of the upwards...