by Lara | May 17, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected from the main hourly Elliott wave count, which is what happened. Summary: The hourly wave counts are swapped over today. The new main count expects downwards movement to accelerate this week, with a short term target at 1,988 and a long...
by Lara | May 14, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday, which is what happened. Summary: Volume and On Balance Volume indicate that a bounce up may unfold for Monday / Tuesday next week as per the main hourly wave count. If price gets up that high, look for strong resistance at...
by Lara | May 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected as most likely for Thursday’s session. Price moved lower but not conclusively; a red doji candlestick was printed. The situation short term remains unclear. The Elliott wave count mid / long term still looks right. Summary: It is...
by Lara | May 11, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement for Wednesday’s session fits what was expected as most likely for the hourly Elliott wave count in last analysis. Summary: A five down on the daily chart is complete. The following upwards correction is more likely incomplete, so it is more...
by Lara | May 11, 2016 | FTSE, Public Analysis |
FTSE breached the channel confirming a trend change. Thereafter, it continued lower as expected. Summary: FTSE may have just begun a second wave correction. It may end in a few days about 6,279. But look out for surprises to the downside because it is possible it may...
by Lara | May 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Tuesday’s session but did not happen. Upwards movement invalidated the hourly Elliott wave count, but the daily Elliott wave count remains on track. Summary: A five down on the daily chart for minor 1 is complete. Minor 2...
by Lara | May 9, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Monday to a target at 2,063. Price moved higher, to 2,064.15. Summary: Downwards movement may produce a red candlestick for Tuesday towards a target at 2,031. This is expected to be a fifth wave of the first impulse down...
by Lara | May 7, 2016 | S&P 500, S&P 500 + DJIA |
A small green candlestick or a doji were expected for Friday’s session. Friday completes a small green candlestick. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and...
by Lara | May 5, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected. A small red doji fits the expecatation for the session. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and it is supported by technical...