by Lara | Mar 1, 2016 | S&P 500, S&P 500 + DJIA |
The alternate Elliott wave count allowing for more upwards movement was confirmed with a new high. Summary: The bounce is continuing higher as a double zigzag. The target for it to end is 2,004. If it ends tomorrow, it would total a Fibonacci 13 daily candlesticks....
by Lara | Feb 17, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected but did not happen. The alternate bear Elliott wave count is now switched to the preferred Elliott wave count. Summary: The outlook must change today after three days of upwards movement on increasing volume. Volume is still light, and...
by Lara | Feb 3, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 1,872.7 provides more confidence in the hourly Elliott wave counts. Summary: Final confidence in the resumption of the downwards trend would come with a breakout of the current consolidation, which has its lower limit about 1,870, on a downwards day...
by Lara | Feb 1, 2016 | S&P 500, S&P 500 + DJIA |
Higher prices were expected for Monday. Higher prices is what happened. Summary: The correction may now be complete, but this absolutely requires confirmation before any confidence may be had that the downwards trend is about to resume. A clear breach of the upwards...
by Lara | Jan 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was allowed for as one possibility within this bounce. Overall, this bounce is unfolding as expected. Summary: The bounce looks like a second wave double zigzag which is almost complete. If it ends with one more upwards day on Monday, it would total a...
by Lara | Jan 21, 2016 | S&P 500, S&P 500 + DJIA |
Price remains below the invalidation point on the preferred hourly chart, so that Elliott wave count still has a higher probability. Summary: The middle of a big third wave should be approaching. The wave count expects a further increase in momentum. This view has a...
