by Lara | Mar 12, 2015 | S&P 500, S&P 500 + DJIA |
An upwards bounce was expected. The green candlestick for Thursday’s session fits both Elliott wave counts. Summary: If upwards movement continues tomorrow the main wave count will increase in probability. The target at 2,178 may be met 25th March, give or take...
by Lara | Mar 11, 2015 | S&P 500, S&P 500 + DJIA
A little downwards movement was expected for both hourly Elliott wave counts. Price is finding strong support at the lower blue 2-4 diagonal trend line, and at the lower aqua blue TA trend line. Summary: With price right at two trend lines providing support, how price...
by Lara | Mar 10, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the alternate and not the main Elliott wave count. Summary: The main and alternate wave counts both require a little more downwards movement in the short term. If the lower blue 2-4 trend line on the daily bull chart provides...
by Lara | Mar 9, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement fits both Elliott wave counts. If upwards movement continues tomorrow the main Elliott wave count will be more likely. Summary: The main wave count expects another eleven days of upwards movement to a target at 2,153. First confirmation would come...
by Lara | Mar 8, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not expected. The hourly Elliott wave count was invalidated. Summary: I have a new alternate wave count for you. The main wave count expects another twelve days of upwards movement to a target at 2,153. First confirmation would come with a new...
by Lara | Mar 5, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, and a small green candlestick is completing for Thursday’s session. Price is finding support at the lower edge of the channel on the hourly chart. Summary: I expect another thirteen days in total (give or take one or two either...
by Lara | Mar 4, 2015 | S&P 500, S&P 500 + DJIA
Again, upwards movement was expected, but downwards movement breached the invalidation point (which was very close by) on the hourly Elliott wave count. Summary: This downwards movement looks like minute wave b within minor wave 5. This changes the target calculation....
by Lara | Mar 3, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price moved lower to invalidate the main hourly Elliott wave count. Summary: The target remains the same at 2,133, but it may not be met in just two more sessions and looks like it will need a little longer to get there. I am still...
by Lara | Mar 2, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected for both Elliott wave counts. Summary: Upwards movement may continue for three more sessions to reach 2,133. It is possible that it is over, but this has a lower probability. Click charts to enlarge. Bullish Wave Count Upwards movement...
