by Lara | Dec 8, 2015 | S&P 500, S&P 500 + DJIA |
The preferred hourly bear Elliott wave count led the way today. The Elliott Wave counts are the same. Summary: The preferred hourly bear wave count expects upwards movement to 2,103.81 tomorrow. It may take two days to get there. If we see a new low below 2,042.35...
by Lara | Dec 7, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: This does not look like the start of a third wave down because volume is too light. What looks likely is today was part of a correction which may end with some upwards movement to end tomorrow above 2,093.84 but not above...
by Lara | Nov 30, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement in a slightly wider range remains above the invalidation point on the hourly chart. The Elliott wave count is changed slightly but the outlook is essentially the same. Summary: The trend is still down, but a bear market rally continues and is not...
by Lara | Nov 28, 2015 | S&P 500, S&P 500 + DJIA |
With price moving mostly sideways in a very small range due to a public holiday and NY open only half a day, the wave count is unchanged. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of next week. A new...
by Lara | Nov 19, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price did move a little higher but completed an overall sideways day in a very small range. Summary: The trend is still down, but a bear market rally continues and is not done yet. A slight new high above 2,116 is expected in the next...
by Lara | Nov 16, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. This is not what happened. Price remains below both invalidation points on the hourly charts. Summary: The trend is still down. This upwards movement may end tomorrow about 2,061. Thereafter, more downwards movement should unfold....
by Lara | Nov 13, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected and ended at an expected line of support. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding, so expect any surprises to...
by Lara | Nov 7, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was again expected. Price has moved lower, but only sightly, and it looks unconvincing. Summary: Upwards movement is still very likely to be over. A new low below 2,083.74 at this stage would provide more confidence that the trend has changed. A new...
by Lara | Nov 5, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: Upwards movement is still very likely to be over. A new low below 2,058.84 would provide more confidence that the trend has changed. If a new high is seen, then the possible target for upwards movement to end remains at 2,121....
