by Lara | Dec 10, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected a pullback to last a few days, but price has continued higher. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate...
by Lara | Jun 13, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was expected for Monday but did not happen. Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term. Summary: A bounce for a second wave correction is still expected on...
by Lara | May 24, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement, which is exactly what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another one or two days to a target at 2,099...
by Lara | May 7, 2016 | S&P 500, S&P 500 + DJIA |
A small green candlestick or a doji were expected for Friday’s session. Friday completes a small green candlestick. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and...
by Lara | Dec 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement is showing increased momentum as expected. The bullish Elliott wave count is invalidated. Summary: A third wave down is still in the early stages. The first short term target for the middle of it to end is at 1,997. The second short term target is...
by Lara | Dec 3, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was not expected and invalidated the hourly Elliott wave counts. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end tomorrow. A new high above 2,116 is expected. The new target for this upwards...
by Lara | Nov 18, 2015 | S&P 500, S&P 500 + DJIA |
A strong upwards day changes the Elliott wave count. 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 few days now. Thereafter, the downwards trend should resume in force....
by Lara | Nov 9, 2015 | S&P 500, S&P 500 + DJIA |
The Elliott wave count expected more downwards movement and that is what happened. Summary: More downwards movement is expected, The first invalidation point on the hourly chart is very close by at 2,083.74. The target for tomorrow is at 2,063. The wave count expects...
by Lara | Oct 31, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but the target at 2,107 was too high. Summary: Upwards movement may be over. A clear breach of the channel on the hourly chart would provide confidence. The next wave down would most likely make new lows. A new low below 2,020.13 would...
