by Lara | Jul 26, 2013 | S&P 500, S&P 500 + DJIA |
Choppy overlapping downwards movement continued the correction for this small fourth wave and invalidated the alternate hourly wave count which saw it possibly complete. The wave count remains the same. I have again the same daily chart, and two hourly charts for you...
by Lara | Jul 13, 2013 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected by the alternate wave count. Price is now closer to the invalidation point for the main wave count and both wave counts remain valid. The main and alternate wave counts have an even probability. We need to see price break above...
by Lara | Jun 26, 2013 | S&P 500, S&P 500 + DJIA |
Upwards movement for Wednesday’s session invalidated the labeling on the main hourly wave count. I have adjusted this wave count today. We still have the same two wave counts with the main wave count having only a slightly higher probability than the alternate....
by Lara | Jun 25, 2013 | S&P 500, S&P 500 + DJIA |
The main wave count from last analysis expected downwards movement, but allowed for the possibility that a small second wave correction could move higher. Price moved higher during the Tuesday’s session and has remained below the invalidation point on the hourly...
by Lara | Jun 19, 2013 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis had two hourly wave counts. Upwards movement for Tuesday’s session fits the main wave count better. The alternate remains valid but does not have the right look so I will discard it. Click on the charts below to enlarge. The bigger...
by Lara | Jun 17, 2013 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected upwards movement. We did see price move higher and the wave count remains valid, but the lack of momentum and sideways movement over the last few sessions indicates a triangle may be almost completing. I have a new alternate hourly...
by Lara | Jun 10, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected upwards movement to begin the new trading week, which is what has happened. Although price has not moved significantly higher MACD shows a small increase in upwards momentum which is also what we expected to see. The wave count remains the same....
by Lara | May 30, 2013 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement for Thursday’s session which is not what happened. Price has moved higher but remains well within the same small range it has been trading in over the last week, and the wave count still has a very typical...
by Lara | May 29, 2013 | S&P 500, S&P 500 + DJIA |
Last analysis expected more choppy overlapping movement. The hourly wave count expected price to move lower during Wednesday’s session as a corrective structure unfolded downwards. This is exactly what has happened. There is enough of this structure completed...
