by Lara | Aug 3, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement for Wednesday’s session, which is what happened. Summary: This pullback is more likely to be over than to continue lower. A new high above 2,178.29 would add confidence to this view. Alternatively, a new low...
by Lara | Aug 2, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected before downwards movement, but this is not what happened. Price moved lower earlier than expected. Summary: The wave counts diverge strongly today. The main wave count requires confirmation with a new high above 2,178.29; if that...
by Lara | Aug 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement is choppy and overlapping indicating a diagonal. Summary: A consolidation may be completing for intermediate wave (2). Price should move overall upwards before turning and moving lower for a few days to end below 2,159.07. Last monthly chart for the...
by Lara | Jul 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to about 2,175 or a little above was expected for Friday’s session. Price moved higher to reach 2,177.09. Summary: Upwards movement next week to a target at 2,231 is expected. This is supported by a short term bullish volume profile and an...
by Lara | Jul 28, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. Overall, price moved higher to print a green daily candlestick. Summary: In the short term, an upwards swing should take price back up to about 2,175 or a little above. Thereafter, the wave counts diverge....
by Lara | Jul 27, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. Price whipsawed, invalidating both hourly Elliott wave counts, and closed only a little below the open for the day to overall move sideways. Summary: In the short term, an upwards swing should take price...
by Lara | Jul 26, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement remained above the invalidation point on the main hourly Elliott wave count. Summary: A small pennant or Elliott wave triangle may have ended today. This should be followed by a short fifth wave up to 2,205. The trend is up. Last monthly chart for...
by Lara | Jul 25, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement to below 2,168.98 but not below 2,159.75 was expected as most likely by the main Elliott wave count for Monday. Price moved lower to reach 2,161.94. Summary: A small pennant or Elliott wave triangle may have ended today. This should be followed by a...
by Lara | Jul 23, 2016 | S&P 500, S&P 500 + DJIA |
Price moved sideways as the main Elliott wave count expected. Summary: One or two sessions of overall downwards movement to end below 2,168.98 and above 2,159.75 is most likely. Note that downwards movement may end a little below 2,159.75, so if this point is...
