by Lara | Nov 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. Although the candlestick closed red, it did make a higher high and a higher low from the prior day. Summary: A small fourth wave correction may end tomorrow about 2,190. If price makes a new low below...
by Lara | Nov 9, 2016 | S&P 500, S&P 500 + DJIA |
A new high above 2,154.79 adds confidence to the main Elliott wave count. A new alternate is presented today, but it has a very low probability. Dow Theory today provides important confirmation. Summary: Classic analysis favours a bullish Elliott wave count. The new...
by Lara | Oct 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was again expected and again failed to materialise. The main Elliott wave count is still preferred. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. This...
by Lara | Oct 13, 2016 | S&P 500, S&P 500 + DJIA |
In yesterday’s analysis I noticed bearish divergence between price and VIX, so members were instructed to look out for a possible surprise to the downside. Downwards movement breached the invalidation point on the main daily wave count, but not the weekly, so...
by Lara | Aug 29, 2016 | S&P 500, S&P 500 + DJIA |
Some upwards movement was expected for a second wave. Price remains below the invalidation point. Summary: Overall, this week and maybe also next week should continue with downwards movement to end about 2,147.58. Downwards movement may be choppy, overlapping, and...
by Lara | Apr 13, 2016 | S&P 500, S&P 500 + DJIA |
An upwards breakout was expected, but has come a day or so earlier than expected in yesterday’s analysis. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. A new high reasonably above...
by Lara | Mar 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to continue. This is what happened. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. On Balance Volume strongly suggests that downwards movement for Thursday...
by Lara | Feb 23, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected, but a new high to 1,948 – 1,950 was also considered a possibility first. This did not happen. Summary: Upwards movement is most likely over. A new low below 1,902.17 would provide reasonable confidence. A big third wave down is...
by Lara | Feb 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement for Friday was expected. Summary: The trend is down. This upwards movement is a correction against the trend. In the short term, a Dead Cat Bounce may end in another two or four days (most likely – but this is not definitive) and should find...
