by Lara | Nov 18, 2015 | S&P 500, S&P 500 + DJIA |
A strong upwards day changes the Elliott wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. A slight new high above 2,116 is expected in the next few days now. Thereafter, the downwards trend should resume in force....
by Lara | Nov 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to end about 2,061. Price moved higher to reach 2,066.69 and turned downwards from there to complete a red doji. Summary: The trend is still down. Tomorrow’s target is 2,018. If this is wrong, it may not be low enough. Bear markets...
by Lara | Nov 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement confirmed a third wave down is underway. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding. so expect any surprises to be to the...
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....
by Lara | Nov 9, 2015 | S&P 500, S&P 500 + DJIA |
The Elliott wave count expected more downwards movement and that is what happened. Summary: More downwards movement is expected, The first invalidation point on the hourly chart is very close by at 2,083.74. The target for tomorrow is at 2,063. The wave count expects...
by Lara | Nov 3, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected and price remains within the channel. The target at 2,107 was inadequate. Summary: Upwards movement may again be over, but this is unconfirmed. If price continues higher, a possible target for it to end is at 2,119 – 2,121. Only...
by Lara | Oct 31, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but the target at 2,107 was too high. Summary: Upwards movement may be over. A clear breach of the channel on the hourly chart would provide confidence. The next wave down would most likely make new lows. A new low below 2,020.13 would...
by Lara | Oct 29, 2015 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected. Price moved slightly higher and mostly sideways to complete very small green doji. Summary: The final target now calculated at two wave degrees is 2,107. This may be met tomorrow, and it may end the bear market rally. To see how...
by Lara | Oct 22, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was unexpected and invalidated the wave count at the hourly chart level. Summary: The structure upwards is either an incomplete double or single zigzag. The target for it to end is 2,065 or 2,080. To see how each of the bull and bear wave counts fit...
