by Lara | Dec 19, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day continues a small consolidation, which was what both the daily and two hourly Elliott wave counts expected. The alternate hourly Elliott wave count will be discarded today. Summary: It is possible that the consolidation is over today. If yes, the...
by Lara | Dec 17, 2016 | S&P 500, S&P 500 + DJIA |
Friday was expected to begin with some upwards movement, which is how the session began, but price did not move as high as was expected. Overall, sideways movement was expected for a consolidation, which is what is happening. Summary: A consolidation has begun and is...
by Lara | Dec 15, 2016 | S&P 500, S&P 500 + DJIA |
A green daily candlestick has unfolded exactly as expected for Thursday’s session. Summary: A consolidation has begun and is likely to continue for a few more days with choppy overlapping sideways movement. Tomorrow may begin with some upwards movement to end...
by Lara | Dec 14, 2016 | S&P 500, S&P 500 + DJIA |
A breach of the channel on the hourly Elliott wave chart and a new low below 2,252.37 indicate a correction has begun. Summary: Although the alternate is labeled as such, it may have a higher probability than the main. A pullback has begun and is likely to continue...
by Lara | Dec 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate wave (3) to end is at 2,280...
by Lara | Dec 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday’s session. Price today has made a new all time high. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for...
by Lara | Dec 10, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected a pullback to last a few days, but price has continued higher. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate...
by Lara | Dec 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as expected. Summary: There are two days in a row of strong divergence between price and VIX, and now RSI is overbought and Stochastics shows some divergence while extreme. These indicators point to a downwards day here to start a short...
by Lara | Dec 7, 2016 | S&P 500, S&P 500 + DJIA |
Price remained within the small green channel, so upwards movement was expected to continue. The short term targets were woefully inadequate, but longer term targets remain the same. Summary: Use the narrow green channel on the hourly chart and expect upwards movement...
