by Lara | Oct 10, 2014 | S&P 500, S&P 500 + DJIA
I had expected only a little downwards movement to 1,918. Price has moved comfortably below that target. Summary: If the bull wave count is correct then intermediate wave (2) must be nearing completion. The target is 1,884. If the bear wave count is correct then a...
by Lara | Oct 10, 2014 | FTSE, FTSE Historical, Public Analysis
Downwards movement invalidated the last wave count. FTSE may have had a cycle degree trend change, but this requires confirmation. If it is correct it should be confirmed within two weeks. Click on charts to enlarge. The bigger picture sees FTSE in a huge correction...
by Lara | Oct 9, 2014 | S&P 500, S&P 500 + DJIA
Downwards movement for Thursday’s session was expected. Summary: It is most likely that intermediate wave (1) or cycle wave b (for the bearish wave count) is over. In the short term I expect a little more downwards movement to 1,918, then upwards movement to a...
by Lara | Oct 9, 2014 | S&P 500, S&P 500 + DJIA
Downwards movement below 1,926.03 was unexpected. This changes the wave count substantially. Summary: It is most likely that intermediate wave (1) or cycle wave b (for the bearish wave count) is over. In the short term I expect a five down to 1,918. Click on charts to...
by Lara | Oct 7, 2014 | Public Analysis, S&P 500, S&P 500 + DJIA
Although some downwards movement was expected for Tuesday’s session, the target at 1,950 was comfortably passed. Summary: The correction is not yet over and price should continue a little lower tomorrow. If it breaks below 1,926.03 the wave count changes...
by Lara | Oct 6, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement was expected and was how Monday’s session began. Thereafter, some downwards movement produced a red candlestick which fits the Elliott wave count nicely, so far. Summary: I expect to see a third wave up this week. Tomorrow should begin with a...
by Lara | Oct 3, 2014 | DJIA, S&P 500 + DJIA |
Click on charts to enlarge. Bullish Wave Count Bearish Wave Count
by Lara | Oct 3, 2014 | S&P 500, S&P 500 + DJIA
I had expected downwards movement for Friday, but price moved strongly higher to invalidate the hourly Elliott wave count. Summary: Minute wave iv is over. A clear morning doji star candlestick pattern at the low indicates minute wave v should begin here. The first...
by Lara | Oct 3, 2014 | S&P 500, S&P 500 + DJIA
The upper aqua blue trend line has been breached for the first time since June 2013. I have two Elliott wave counts for you today for each of the bullish and bearish scenarios. Summary: The short term outlook looks a little clearer today. Downwards movement should...
