by Lara | Jul 13, 2016 | Dow Theory, S&P 500, S&P 500 + DJIA, S&P 500 Historical |
The two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price is above 2,136.32. There is some bullishness today from...
by Lara | Jun 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded as expected for the session. Summary: A correction most likely ended today with a throwback to test resistance at the black trend line on the daily chart. A short term target for the next wave down is 1,987. Trading advice (not intended for...
by Lara | Jun 1, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower as expected but ended the session higher to complete a green candlestick. Price remained below the invalidation point on the hourly chart for the session. Summary: The wave count now expects to see a third wave down. The short term target is now at...
by Lara | Apr 25, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower to sit on the support line. How price behaves tomorrow now that the line is met will indicate which hourly Elliott wave count is more likely. Summary: The possibility of new highs will remain while price remains above the support line / lower edge of...
by Lara | Apr 23, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower to breach the short term invalidation point on the first hourly Elliott wave count and provide first confidence for the alternate hourly Elliott wave count. Summary: How price behaves on Monday, now that it is close to the support line, will indicate...
by Lara | Apr 16, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
A little downwards movement was expected. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with a target just above 2,116.48. It may end next week. The upwards trend is very weak. To see last published monthly charts...
by Lara | Apr 14, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was again expected. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with a target just above 2,116.48. It may end in just three more sessions on 19th April, 2016. The upwards trend is very weak. To...
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 | Apr 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Classic technical analysis changes the Elliott wave count at the hourly chart level. 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...
