by Lara | May 11, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement for Wednesday’s session fits what was expected as most likely for the hourly Elliott wave count in last analysis. Summary: A five down on the daily chart is complete. The following upwards correction is more likely incomplete, so it is more...
by Lara | May 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Tuesday’s session but did not happen. Upwards movement invalidated the hourly Elliott wave count, but the daily Elliott wave count remains on track. Summary: A five down on the daily chart for minor 1 is complete. Minor 2...
by Lara | May 7, 2016 | S&P 500, S&P 500 + DJIA |
A small green candlestick or a doji were expected for Friday’s session. Friday completes a small green candlestick. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and...
by Lara | Apr 28, 2016 | S&P 500, S&P 500 + DJIA |
So far it looks like the alternate hourly Elliott wave count may be right, but we still don’t have price confirmation. Both hourly charts will expect the same movement next for the short term. Summary: In the short term, a small fourth wave may move higher and...
by Lara | Apr 21, 2016 | S&P 500, S&P 500 + DJIA |
There are two hourly Elliott wave counts with very important differences. The alternate is entirely possible and outlines confirmation points and trend channels. Summary: It is possible that a high is in place, but we should always assume the trend remains the same...
by Lara | Apr 7, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This is not what happened. Price remains above the invalidation point on the hourly chart. The Elliott wave count remains on track. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to...
by Lara | Apr 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected; price made new highs. The session began with a whipsaw which remained just above the invalidation point. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The...
by Lara | Mar 19, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. A short term target for Monday is 2,057. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short term, the...
by Lara | Mar 8, 2016 | S&P 500, S&P 500 + DJIA |
A breach of a channel on hourly chart is earliest confirmation of a trend change. Summary: Earliest indication that the correction may be over came today with a breach of the channel on the hourly chart. This increases the probability that the correction is over....
