by Lara | Aug 25, 2014 | S&P 500, S&P 500 + DJIA
The upwards trend resumed for Monday as expected. The first target has a good probability. Summary: We may see a small red doji candlestick tomorrow for another small fourth wave correction. Overall this structure is incomplete and price should continue upwards for a...
by Lara | Aug 24, 2014 | S&P 500, S&P 500 + DJIA
Price moved lower during Friday’s session to complete a very small red candlestick. This was one of the two fourth wave corrections I was expecting, which turned a few days earlier than expected. Summary: I expect the resumption of the upwards trend on Monday....
by Lara | Aug 24, 2014 | DJIA, S&P 500 + DJIA
Click on charts to enlarge. Bullish Wave Count. Bearish Wave Count.
by Lara | Aug 22, 2014 | S&P 500, S&P 500 + DJIA
The main Elliott wave count is confirmed and the alternate was invalidated with a new high. The target remains the same. Summary: The fourth wave did not show up, and may not show up for a few days yet. The short term target is 1,999, but this may herald only a brief...
by Lara | Aug 21, 2014 | S&P 500, S&P 500 + DJIA
Price moved higher fitting yesterday’s alternate wave count better, but not quite enough for confirmation. When looking at the daily charts for the “right look” and trend lines, I decided to swap over the main and alternate Elliott wave counts....
by Lara | Aug 20, 2014 | S&P 500, S&P 500 + DJIA
Yesterday’s hourly Elliott wave analysis expected a little more upwards movement in the short term to 1,981. Price did move higher to reach just above the target to 1.982.57. The wave counts remain the same. Summary: It is most likely that tomorrow we shall see...
by Lara | Aug 18, 2014 | S&P 500, S&P 500 + DJIA
Downwards or sideways movement was expected but price has again moved higher. I still expect it is most likely minuette wave (iv) is incomplete. The wave counts remain the same. Summary: It is still most likely that minuette wave (iv) is incomplete. Tomorrow may begin...
by Lara | Aug 16, 2014 | S&P 500, S&P 500 + DJIA |
Price moved slightly lower overall for Friday to complete a red candlestick, which was expected for the main hourly Elliott wave count. The wave counts remain the same. Summary: It is still most likely that minuette wave (iv) is incomplete. I expect downwards movement...
by Lara | Aug 16, 2014 | DJIA, S&P 500 + DJIA
Click on charts to enlarge. Bullish Wave Count. Bearish Wave Count.
