by Lara | Mar 26, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement favours the alternate Elliott wave count over the main Elliott wave count. Summary: Thursday’s candlestick overshoots but does not breach the lower 2-4 trend line. If tomorrow’s candlestick remains below and not touching that trend line,...
by Lara | Mar 21, 2015 | S&P 500, S&P 500 + DJIA
The correction was already complete. Upwards movement continued. Summary: The mid term target remains the same at 2,178 for primary wave 3 (or cycle wave b for the bear wave count) to end. Upwards movement should not end until the upper blue 1-3 trend line on the...
by Lara | Mar 19, 2015 | S&P 500, S&P 500 + DJIA
More upwards movement was expected, but I had not expected to see a red candlestick for another one or two days. Downwards movement remains above the invalidation point. Summary: The mid term target remains the same at 2,178 for primary wave 3 (or cycle wave b for the...
by Lara | Mar 10, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the alternate and not the main Elliott wave count. Summary: The main and alternate wave counts both require a little more downwards movement in the short term. If the lower blue 2-4 trend line on the daily bull chart provides...
by Lara | Feb 28, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected but price moved lower, remaining just above the invalidation point which is very close by. Summary: Upwards movement may continue for four more sessions to reach 2,133. It is just possible that it is over, but this has a lower...
by Lara | Feb 17, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected again for both Elliott wave counts. Summary: I am swapping over the main and alternate bullish wave counts today. I expect a continuation of upwards movement to a target at 2,133 for a few days. Click charts to enlarge. Bullish Wave Count...
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 22, 2015 | S&P 500, S&P 500 + DJIA |
A new low was expected to begin the session. The upwards trend should have resumed. Summary: In the short term either this sideways correction is incomplete (main wave count) or one last final high will be seen before a primary degree trend change (alternate wave...
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...
