by Lara | Feb 27, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was not expected for Monday. The main Elliott wave count expected downwards movement for the session. The current situation has multiple possibilities and for members today three hourly Elliott wave counts are again presented along with some cautious...
by Lara | Feb 25, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was not expected for Friday. The slight new lower high and lower low essentially moved price sideways for the session. Summary: A consolidation may end Monday with a short wave down to end below 2,352.87. Thereafter, the upwards trend should resume....
by Lara | Feb 16, 2017 | S&P 500, S&P 500 + DJIA |
Thursday’s session was expected as very likely to see price move lower due to strong and unusual divergence between price and VIX for Wednesday’s session, which was interpreted as bearish. Thursday made a slightly higher high and a higher low, the...
by Lara | Feb 15, 2017 | S&P 500, S&P 500 + DJIA |
The short term target has been met and the mid term target remains the same. Price continued higher and almost met the target, which was at 2,353, fitting the second hourly Elliott wave chart. Summary: Minor wave 3 may be over today. Very strong divergence between...
by Lara | Feb 9, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high confirms the main Elliott wave count and invalidates one alternate. Some more confidence may now be had in the targets. Summary: The target is 2,338 for the short term and 2,382 for a longer term trade. The invalidation point is moved up today to...
by Lara | Feb 3, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the main Elliott wave count and this is what happened. The alternate Elliott wave count is just hanging on by a couple of points. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new...
by Lara | Feb 2, 2017 | S&P 500, S&P 500 + DJIA |
Price has made a lower high and a lower low, although it closed green. Summary: It is still more likely today that the next wave up has just begun. Confidence would be had above 2,289.14. The target is 2,338 for the short term and 2,382 for a longer term trade. If...
by Lara | Feb 1, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session, and that is what has happened. The main Elliott wave count remains the same and the alternate Elliott wave count remains possible. Summary: Again, it is increasingly likely today that the next wave up has...
by Lara | Jan 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, which fits the larger picture of the main Elliott wave count. Summary: Price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is 2,382. Classic analysis today is very bullish....
