by Lara | Jul 9, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement for Friday was not what the Elliott wave count expected. Summary: The bear wave count will still be preferred while price has not made a new all time high. The target for a strong third wave down is at 1,281. The upwards trend is weak in volume,...
by Lara | Jul 5, 2016 | S&P 500, S&P 500 + DJIA |
A little more upwards movement was expected as likely, but a warning was given that price looked weak. Downwards movement was not expected but was allowed for. Summary: Downwards movement should continue from here with lower lows and lower highs. A short term target...
by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Summary: Bottom line: a new low below 2,050.37 would confirm an end to a bear market rally and a primary degree third wave down. Before that happens price may move higher all the way up to the all time high at 2,134.72, but not above if...
by Lara | Jun 18, 2016 | S&P 500, S&P 500 + DJIA |
A correction was expected to continue during Friday’s session. A small range day with a higher low fits the expectation overall. Summary: Upwards movement is most likely to continue early next week for another two sessions to a target at 2,092 – 2,094 or...
by Lara | Jun 16, 2016 | S&P 500, S&P 500 + DJIA |
Overall, the session unfolded mostly as expected with downwards movement first then upwards movement. A green daily candlestick was expected to continue a bounce. Summary: A multi day correction has most likely begun to a target at 2,094 or 2,099 -2,102. If this...
by Lara | Jun 13, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was expected for Monday but did not happen. Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term. Summary: A bounce for a second wave correction is still expected on...
by Lara | May 28, 2016 | S&P 500, S&P 500 + DJIA |
The target at 2,099 was reached on Friday. Summary: The wave count now expects downwards movement from here. This is supported at the end of this week by classic technical analysis. A breach of the green channel on the hourly chart would be first confidence, and a new...
by Lara | May 24, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement, which is exactly what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another one or two days to a target at 2,099...
by Lara | May 17, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count yesterday and this is exactly what happened. Summary: The main wave count expects to see downwards movement accelerate in the next week or so as a third wave unfolds. The first short term target is at...
