by Lara | Jan 29, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for both Elliott wave counts. Summary: This is where the main and alternate wave counts diverge. The main wave count expects more downwards movement to 1,955. This would be confirmed with a new low below 1,988.12. The alternate expects...
by Lara | Jan 27, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. The session did begin with downwards movement, but that was retraced to complete a green candlestick. Summary: The main wave count requires downwards movement from here. A new low below 1,988.12 would confirm the main count...
by Lara | Jan 23, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. The Elliott wave counts remain the same. Summary: More upwards movement is required in the short term. A new high above 2,124 would see the main bull wave count discarded in favour of the alternate. Click on...
by Lara | Jan 14, 2015 | S&P 500, S&P 500 + DJIA
The main Elliott wave count expected the S&P 500 to continue moving towards the downside. Even though the S&P 500 unfolded towards the downside, the downwards movement was longer than the main count expected and in the process the downwards movement...
by Lara | Jan 8, 2015 | S&P 500, S&P 500 + DJIA
Impulsive upwards movement was expected within minuette wave (iii) and the upwards trend has most likely resumed. Summary: The overall theme for today is that direction is still up. Upwards momentum should increase over the next few days and price must make new highs...
by Lara | Jan 8, 2015 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected before a resumption of the upwards trend, but a breach of the channel on the hourly chart indicated that downwards movement was over. Note: Nady Laymoud takes over presentation of the analysis tomorrow until 22nd January,...
by Lara | Dec 26, 2014 | S&P 500, S&P 500 + DJIA
I had expected a small correction to show on the daily Elliott wave chart and end about 2,065.04. It did unfold, but it was very brief and ended only at 2,081.86. Summary: Upwards movement should continue to the mid term target at 2,132. The mid term target may be met...
by Lara | Dec 24, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement was again expected. The upper edge of the black channel on the daily Elliott wave chart looks like it is again providing resistance. Summary: The short term target at 2,097 – 2,098 may be too optimistic. I expect another small green candlestick...
by Lara | Dec 19, 2014 | S&P 500, S&P 500 + DJIA
More upwards movement was expected. The target remains the same. Summary: The mid term target is at 2,132. This may be met in 10 or 18 days time. Click on charts to enlarge. Bull Wave Count I will favor neither the bull or bear wave count. Both are viable and both...
