by Lara | Aug 17, 2016 | S&P 500, S&P 500 + DJIA |
Short term downwards movement to a target at 2,162 – 2,159 was expected before more upwards movement. Price moved lower as expected falling 6.5 points short of the target before turning strongly upwards to close above the open and print a green daily...
by Lara | Aug 15, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday, which is what happened. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,172. The mid term targets are 2,332 or 2,445. If price makes a new low below 2,147.58, then...
by Lara | Aug 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday. A green candlestick was printed, but it was a small doji and did not make a new high. Price moved sideways. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,172. The...
by Lara | Aug 11, 2016 | S&P 500, S&P 500 + DJIA |
A little downwards movement to 2,171 – 2,168 was expected before the resumption of upwards movement. This is not what happened. Price moved upwards for the session and did not first make a new low. Summary: The trend remains the same, until proven otherwise....
by Lara | Aug 10, 2016 | S&P 500, S&P 500 + DJIA |
In the short term, some downwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,147.58. In the short term, tomorrow may...
by Lara | Aug 3, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement for Wednesday’s session, which is what happened. Summary: This pullback is more likely to be over than to continue lower. A new high above 2,178.29 would add confidence to this view. Alternatively, a new low...
by Lara | Aug 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement is choppy and overlapping indicating a diagonal. Summary: A consolidation may be completing for intermediate wave (2). Price should move overall upwards before turning and moving lower for a few days to end below 2,159.07. Last monthly chart for the...
by Lara | Jul 28, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. Overall, price moved higher to print a green daily candlestick. Summary: In the short term, an upwards swing should take price back up to about 2,175 or a little above. Thereafter, the wave counts diverge....
by Lara | Jul 26, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement remained above the invalidation point on the main hourly Elliott wave count. Summary: A small pennant or Elliott wave triangle may have ended today. This should be followed by a short fifth wave up to 2,205. The trend is up. Last monthly chart for...
