by Lara | Apr 12, 2017 | S&P 500, S&P 500 + DJIA |
Price is still range bound, testing support at today’s low. The breakout will come, and the longer price coils within this range the more violent the breakout may be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards...
by Lara | Apr 10, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound again today. The longer price remains coiled between resistance and support, the closer and more violent the breakout will be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a...
by Lara | Apr 9, 2017 | S&P 500, S&P 500 + DJIA |
A breakout was expected for Friday but did not happen. An inside day was completed. Price remains range bound for this market. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a little more support for the...
by Lara | Apr 6, 2017 | S&P 500, S&P 500 + DJIA |
Again, upwards movement was expected. The session closed green although it completed with a lower low and a lower high, the definition of downwards movement. Price remains range bound between resistance at about 2,370 and support at about 2,340. The breakout will...
by Lara | Apr 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price did move higher to begin the session, but fell strongly in the final hours to close red. An outside day was completed. Summary: If the main wave count is correct, then price should now begin to move strongly higher. An upwards...
by Lara | Apr 4, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high. Summary: A little downwards movement may unfold for one to three sessions. Price should remain above 2,322.25. If...
by Lara | Apr 3, 2017 | S&P 500, S&P 500 + DJIA |
Monday was expected to begin with a little downwards movement to either 2,358 or 2,354. Price did move lower, but it reached down to 2,344.73 before bouncing strongly higher. Summary: The main Elliott wave count expects an upwards breakout that may happen sooner...
by Lara | Apr 1, 2017 | S&P 500, S&P 500 + DJIA |
A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...
by Lara | Mar 30, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the Elliott wave count expects overall at the daily chart level. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is at 2,322.25. When a five up for minute wave i is complete, then a three down for...
