by Lara | Aug 11, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Tuesday, but the invalidation point allowed for a second wave correction. Summary: The first wave count expects upwards movement still to not end until a new high above 2,114.24, to a target at 2,119. The second wave count...
by Lara | Aug 5, 2015 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: The first wave count still expects a little more upwards movement to a target at 2,119. The second wave count expects the upwards trend to continue. If price...
by Lara | Jul 29, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s Elliott wave analysis allowed for the possibility for upwards movement to continue. Summary: A new low below 2,076.11 would be earliest price confirmation that upwards movement is over, and downwards momentum may then be expected to build. A new high...
by Lara | Jul 23, 2015 | S&P 500, S&P 500 + DJIA |
Price continued to move lower. Summary: A new low below 2,044.02 now would provide a lot of confidence in the first wave count, the target would be at 1,983. A new all time high above 2,134.72 would provide full confidence in the second wave count which expects new...
by Lara | Jul 18, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement continued, which was not expected for the main Elliott wave count. However, price has remained below the invalidation point, but is now slightly breaching the upper trend line which was expected to provide resistance. Summary: The main wave count...
by Lara | Jul 13, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement for Monday was 2,097. Price moved higher, as expected, to reach 3.67 points above the target. Summary: The downwards trend should resume this week, most likely tomorrow. The target for a third wave down is at 1,982. To see a weekly...
by Lara | Jul 7, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected. Although Tuesday completed a green candlestick, downwards movement during the day breached the invalidation point on the hourly chart. Summary: A new high above 2,129.87 would confirm the main wave count. A new low below 2,022.07 is...
by Lara | Jul 1, 2015 | S&P 500, S&P 500 + DJIA |
The Elliott wave count expected downwards movement, but this is not what happened. Summary: Upwards movement should continue overall for several days yet. A new high above 2,099.18 would confirm the main wave count. A new low below 2,022.07 is required for initial...
by Lara | Jun 24, 2015 | S&P 500, S&P 500 + DJIA
A breach of the channel on yesterday’s first hourly Elliott wave count indicated the second count, which expected downwards movement, was more likely. Summary: A second wave correction may end about 2,104. When the correction is done, a third wave up should show...
