by Lara | Jul 21, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected but did not happen. Price remains just above the invalidation point on the hourly wave count. Summary: Sideways movement for another three sessions may complete a fourth wave. This will be the preferred outlook while price remains above...
by Lara | Jul 20, 2016 | S&P 500, S&P 500 + DJIA |
In the very short term, sideways movement was expected for one or two sessions before the upwards trend resumed, but this did not happen. Price has moved higher. Summary: The trend is up and there is some small support today from volume. The target for a third wave to...
by Lara | Jul 19, 2016 | S&P 500, S&P 500 + DJIA |
A short term pullback was expected. Another small inside day completes a small red doji. Summary: In the very short term, sideways movement may continue for another session or so. Thereafter, the upwards trend should resume. Last monthly chart for the main wave count...
by Lara | Jul 18, 2016 | S&P 500, S&P 500 + DJIA |
A short term pullback was expected. Price has not moved lower, but moved higher in a small inside day. Summary: In the very short term, a small pullback to about 2,147 or 2,133 is still expected. If this expectation is wrong, it will be in that these targets are too...
by Lara | Jul 16, 2016 | S&P 500, S&P 500 + DJIA |
Analysis yesterday again expected more upwards movement. While that is how the session began in the first hour, thereafter price fell to complete a small red daily candlestick. Summary: In the very short term, a small pullback to about 2,147 or 2,133 is expected. If...
by Lara | Jul 14, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count from yesterday’s analysis expected price to move higher. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jul 13, 2016 | S&P 500, S&P 500 + DJIA |
Again, the two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jul 13, 2016 | Dow Theory, S&P 500, S&P 500 + DJIA, S&P 500 Historical |
The two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price is above 2,136.32. There is some bullishness today from...
by Lara | Jul 12, 2016 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
A new all time high was not expected for the bear Elliott wave count. The only Elliott wave count now viable (that I can find) is bullish. Summary: In the short term, a little more upwards movement to a target at 2,146 may then be followed by a few days of downwards...
