by Lara | Oct 18, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday. Price made a higher high and a higher low, and the daily candlestick closed green but only just. Summary: Price should move lower for one or two days. This is supported by bearish divergence with price and RSI, inverted VIX...
by Lara | Oct 17, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. The short term target was at 2,128, but it was anticipated this may not be low enough. Price did move lower and below the target to reach down to 2,124.56 for Monday’s session. Summary: In the short term, two to a few...
by Lara | Oct 15, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. The session made a higher high and a higher low, but it closed with a red candlestick. Summary: Price may move lower to complete a second wave correction on Monday, and this is supported by short term...
by Lara | Oct 13, 2016 | S&P 500, S&P 500 + DJIA |
In yesterday’s analysis I noticed bearish divergence between price and VIX, so members were instructed to look out for a possible surprise to the downside. Downwards movement breached the invalidation point on the main daily wave count, but not the weekly, so...
by Lara | Oct 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement, which was expected for Wednesday’s session, produced a small green daily candlestick. Summary: Intermediate wave (3) upwards should move above the end of intermediate wave (1) at 2,179.99. Upwards movement for today’s session lacks...
by Lara | Oct 11, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Tuesday’s session, which is what happened. The short term triangle structure was invalidated by more downwards movement than expected. Summary: Intermediate wave (3) upwards should begin tomorrow and must move above the...
by Lara | Oct 10, 2016 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Monday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: A red daily candlestick may unfold tomorrow within the sideways triangle, which continues. When sideways movement is...
by Lara | Oct 8, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Friday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: In the short term, Monday may print a green daily candlestick, or possibly a doji. Overall sideways movement Monday may...
by Lara | Oct 6, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected for Thursday’s session, which is essentially what has happened. Summary: In the short term, tomorrow may print a red daily candlestick. Overall sideways movement for tomorrow and the day after may complete a triangle, which should...