by Lara | May 26, 2016 | S&P 500, S&P 500 + DJIA |
A tiny red daily doji candlestick sits right on the trend line. Both hourly Elliott wave counts remain valid. Summary: Upwards movement is either over yesterday or it may end slightly higher tomorrow. A breach of the green channel on the hourly chart would provide...
by Lara | May 25, 2016 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line. Price has stopped for the session right at the trend line. Summary: Upwards movement is either over today or it may end slightly higher tomorrow. A breach of the green...
by Lara | May 24, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement, which is exactly what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another one or two days to a target at 2,099...
by Lara | May 23, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day does not clarify the situation. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another two days (or maybe a little longer) to a target at 2,099...
by Lara | May 21, 2016 | S&P 500, S&P 500 + DJIA |
Friday’s analysis came with the warning that the session may print a green daily candlestick, which is what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. A new main hourly wave count expects upwards...
by Lara | May 19, 2016 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for Thursday’s session, which is what happened. Summary: The main wave count expects to see downwards movement accelerate in the next week or so as a third wave unfolds. The first short term target is at 1,988. The long term...
by Lara | May 18, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count again yesterday, which is exactly what happened. Upwards movement during the session was also expected for a second wave bounce. Summary: The main wave count expects to see downwards movement accelerate...
by Lara | May 18, 2016 | FTSE, FTSE Historical |
FTSE breached the channel confirming a trend change. Thereafter, it continued lower as expected. Summary: FTSE may be beginning on a third wave down. The wisest approach to this market may be to wait for confirmation with a new low below 6,054.74 and a breach of the...
by Lara | May 17, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count yesterday and this is exactly what happened. Summary: The main wave count expects to see downwards movement accelerate in the next week or so as a third wave unfolds. The first short term target is at...
