by Lara | Nov 4, 2013 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected some upwards movement from the S&P 500 to begin the new week, to a short term target at 1,773. Price did move higher as expected, reaching up to 1,768.78, 4.22 points short of the short term target. The wave count remains the...
by Lara | Nov 2, 2013 | S&P 500, S&P 500 + DJIA
Price moved sideways for Friday’s session. Downwards movement at the beginning of the session was expected. So far the first and second hourly wave counts do not diverge. They both expect the same direction next. Click on the charts below to enlarge. Main Wave...
by Lara | Nov 1, 2013 | S&P 500, S&P 500 + DJIA |
At this stage the wave counts diverge. Downwards movement fits both the main and alternate wave counts, but is not enough to provide any confidence in a trend change… yet. Click on the charts below to enlarge. This wave count has a higher probability than the...
by Lara | Oct 31, 2013 | S&P 500, S&P 500 + DJIA |
Last analysis expected more upwards movement towards a target at 1,780 to 1,781. Price did move higher during Wednesday’s session, but only by 3.27 points. Thereafter, downwards movement has clearly breached the parallel channel on the hourly chart. Click on the...
by Lara | Oct 28, 2013 | S&P 500, S&P 500 + DJIA, S&P 500 Historical
Last analysis expected one more day of upwards movement to a target at 1,764 to 1,765. Price moved higher to reach 1,764.99. This is a critical juncture. If the main wave count is correct then we should see a trend change either now or maybe within another eight days....
by Lara | Oct 26, 2013 | S&P 500, S&P 500 + DJIA |
Thursday’s analysis expected more upwards movement for Friday which is what has happened. The wave count remains the same. Click on the charts below to enlarge. Intermediate wave (4) lasted 14 days, just one more than a Fibonacci 13. If intermediate wave (5)...
by Lara | Oct 24, 2013 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected more upwards movement for Thursday’s session, which is exactly what has happened. The wave count remains the same. Click on the charts below to enlarge. Intermediate wave (4) lasted 14 days, just one more than a Fibonacci 13....
by Lara | Oct 23, 2013 | S&P 500, S&P 500 + DJIA |
Wednesday’s session saw price move lower and complete as a red candlestick, which is what was expected. The wave count remains the same. Click on the charts below to enlarge. Intermediate wave (4) lasted 14 days, just one more than a Fibonacci 13. If...
by Lara | Oct 22, 2013 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Yesterday’s analysis expected downwards and sideways movement for one to three days. This is not what happened as price has moved higher. The wave count remains the same. It is time to revise the big picture. I will cover monthly charts for this main wave count...
