by Lara | Jan 5, 2016 | S&P 500, S&P 500 + DJIA |
Again, there are three possibilities for downwards movement from the last major swing high of 3rd November. Again, I have three daily charts looking at three possibilities. Summary: A downwards trend is still in place. The preferred bear wave count expects a big third...
by Lara | Dec 23, 2015 | S&P 500, S&P 500 + DJIA |
A quick update of the preferred bear wave count at the hourly chart level only. My CMT ethics guidelines require me to notify members of any opportunity I see before I take advantage of it myself. If the bear wave count is right and a leading expanding diagonal is...
by Lara | Dec 17, 2015 | S&P 500 |
After today’s analysis was published, StockCharts data was finalised. Very importantly, volume for Wednesday’s upwards day increased. This gives great cause for concern over the wave count. We may see a new high above 2,093.84. If we do, this alternate...
by Lara | Dec 9, 2015 | S&P 500, S&P 500 + DJIA |
A new low below 2,042.35 confirmed the scenario for the hourly bull Elliott wave count. Summary: A third wave down is most likely in the early stages. The target is 1,994. The trend is down. Use resistance lines to show were corrections against the trend may end. To...
by Lara | Nov 30, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement in a slightly wider range remains above the invalidation point on the hourly chart. The Elliott wave count is changed slightly but the outlook is essentially the same. Summary: The trend is still down, but a bear market rally continues and is not...
by Lara | Nov 19, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price did move a little higher but completed an overall sideways day in a very small range. Summary: The trend is still down, but a bear market rally continues and is not done yet. A slight new high above 2,116 is expected in the next...
by Lara | Nov 16, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. This is not what happened. Price remains below both invalidation points on the hourly charts. Summary: The trend is still down. This upwards movement may end tomorrow about 2,061. Thereafter, more downwards movement should unfold....
by Lara | Nov 7, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was again expected. Price has moved lower, but only sightly, and it looks unconvincing. Summary: Upwards movement is still very likely to be over. A new low below 2,083.74 at this stage would provide more confidence that the trend has changed. A new...
by Lara | Oct 28, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement to a target at 2,082 – 2,089 was expected. Price moved higher to reach up to 2,090.35. Summary: The structure of the final fifth wave is incomplete, at the hourly chart level, so yet more upwards movement is expected to a new target at 2,110...
