by Lara | Oct 5, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement breached the invalidation point on the hourly chart, which was very close by at 2,154.77. The short term structure is changed. Summary: Sideways movement for another few days may complete a triangle, which should break out downwards for a short sharp...
by Lara | Oct 5, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected that Tuesday’s session would move price lower, and it has. But the target has not yet been reached. This wave down may not exhibit a Fibonacci duration in terms of how many days it lasts. The target remains the same. Summary:...
by Lara | Oct 3, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement has unfolded exactly as expected so far for Monday’s session. The target for the main Elliott wave count remains the same. Summary: One more day of downwards movement to 2,137 is expected. Thereafter, price should turn up to make a new high...
by Lara | Oct 1, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
A red daily candlestick or doji was expected for Friday, but this did not happen. Upwards movement slightly breached the invalidation point on the hourly chart. Summary: Two days of downwards movement to 2,137 is expected. Divergence with price and the AD line and VIX...