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...
by Lara | Jun 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement again favours the bull Elliott wave count. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count will therefore expect to see a continuation of the upwards trend; the target remains the same at 2,185, and it may...
by Lara | Jun 11, 2015 | S&P 500, S&P 500 + DJIA
A little more upwards movement has reduced the probability of the alternate Elliott wave count. Summary: The main wave count expects a third wave up and requires confirmation with a new high above 2,134.72. The alternate expects a primary degree trend to remain down...
by Lara | Jun 9, 2015 | S&P 500, S&P 500 + DJIA |
Further downwards movement fits the alternate Elliott wave count better than the main Elliott wave count, but price has not yet confirmed one and invalidated the other. Summary: The main wave count has again further reduced in probability, but the alternate still...
by Lara | Jun 4, 2015 | S&P 500, S&P 500 + DJIA |
A little downwards and sideways movement was expected, but price moved lower than expected breaching the invalidation point at the hourly chart level. Summary: The triangle is invalidated. The bull wave count requires upwards movement tomorrow. The target for a final...
by Lara | Jun 1, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Monday did complete a small green candlestick, but a new low of 2 points began the session. This small downwards movement has remained above the invalidation point on the hourly chart. Summary: I expect now one more upwards wave to...
by Lara | May 22, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. A small red candlestick fits the Elliott wave count. Summary: The short term target is at 2,103 and may be met next week. The main wave count will remain relatively bullish while price remains above the long held bull trend line on the...
by Lara | May 18, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement for Monday is exactly what the Elliott wave count expected. The target remains the same. Summary: Upwards movement may end this week. The target may now be calculated at two wave degrees giving a small range of 2,135 – 2,137. The upper i-iii...
