by Lara | Mar 9, 2016 | FTSE, Public Analysis |
Charts only today. A new high above 6,115.10 invalidated the last main Elliott wave count leaving only the alternate count. WEEKLY WAVE COUNT Click chart to enlarge. DAILY WAVE COUNT Click chart to enlarge.
by Lara | Mar 9, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement for a small green daily candlestick still fits the Elliott wave count. Summary: The correction is still most likely over. Price confirmation that the correction is over is still required with a new low below 1,962.96. Upwards movement may continue...
by Lara | Mar 8, 2016 | S&P 500, S&P 500 + DJIA |
A breach of a channel on hourly chart is earliest confirmation of a trend change. Summary: Earliest indication that the correction may be over came today with a breach of the channel on the hourly chart. This increases the probability that the correction is over....
by Lara | Mar 7, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day fits both Elliott wave counts. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount at any time frame...
by Lara | Mar 5, 2016 | S&P 500, S&P 500 + DJIA |
Price moved higher to 2,009, above the target which was 2,002 or 2,004. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount...
by Lara | Mar 3, 2016 | S&P 500, S&P 500 + DJIA |
Price moved higher as expected, closer to the target. Summary: The bounce is continuing higher as a double or single zigzag. The target for it to end is 2,002 or 2,004. At this stage, earliest confirmation that the bounce is over would come with a new low below...
by Lara | Mar 3, 2016 | Nasdaq, Public Analysis |
Last Nasdaq analysis was invalidated by upwards movement. Summary: Nasdaq is still in a bear market. A big third wave down is very close. If this current bounce continues, it may end about 4,784. New updates to this analysis are in bold. BULL WAVE COUNT MONTHLY CHART...
by Lara | Mar 2, 2016 | S&P 500, S&P 500 + DJIA |
The bounce continued higher towards the target as expected. Summary: The bounce is continuing higher as a double or single zigzag. The target for it to end is 2,002 or 2,004. Confirmation the correction is over will first come with a clear breach of the channel...
by Lara | Mar 1, 2016 | S&P 500, S&P 500 + DJIA |
The alternate Elliott wave count allowing for more upwards movement was confirmed with a new high. Summary: The bounce is continuing higher as a double zigzag. The target for it to end is 2,004. If it ends tomorrow, it would total a Fibonacci 13 daily candlesticks....