by Lara | Apr 23, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower to breach the short term invalidation point on the first hourly Elliott wave count and provide first confidence for the alternate hourly Elliott wave count. Summary: How price behaves on Monday, now that it is close to the support line, will indicate...
by Lara | Apr 6, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This is what happened. The Elliott wave count remains on track. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The target is 2,124. The invalidation point...
by Lara | Mar 17, 2016 | S&P 500, S&P 500 + DJIA |
A new high early in the session above 2,032.59 indicated more upwards movement was expected. Summary: This is still a bear market rally until proven otherwise. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short...
by Lara | Mar 16, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA, S&P 500 Historical |
A slight new high fits the bull and alternate bear Elliott wave counts best. The situation short term is slightly clearer. There will only be one bear Elliott wave count now. Summary: This is still a bear market rally until proven otherwise. The target remains at...
by Lara | Jan 20, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower as the preferred hourly Elliott wave count expected. Summary: The middle of a big third wave should be approaching. The wave count expects a further increase in momentum. This view has a higher probability than the alternate which expects a bounce...
by Lara | Jan 19, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement fits both Elliott wave hourly wave counts and does not provide clarity. The upper price point to differentiate the two ideas may be moved lower. Summary: The trend is down. The only question still today is: are we going to see a deeper bounce here or...
by Lara | Dec 3, 2015 | S&P 500, S&P 500 + DJIA |
A new low below 2,066.69 invalidated the hourly Elliott wave counts. At that stage, a third wave down was expected to be in the early stages. Summary: A third wave has most likely begun. I cannot see a five down complete yet on the hourly chart, so more downwards...
by Lara | Nov 23, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A small range day moved price a little lower. This still fits the wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of this week or very early next week. A new high...
by Lara | Nov 10, 2015 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected but did not happen. Price moved mostly sideways in a small range to complete a green candlestick. Summary: More downwards movement is still expected. The first invalidation point on the hourly chart is very close by at 2,083.74....
