by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Summary: Bottom line: a new low below 2,050.37 would confirm an end to a bear market rally and a primary degree third wave down. Before that happens price may move higher all the way up to the all time high at 2,134.72, but not above if...
by Lara | Jun 18, 2016 | S&P 500, S&P 500 + DJIA |
A correction was expected to continue during Friday’s session. A small range day with a higher low fits the expectation overall. Summary: Upwards movement is most likely to continue early next week for another two sessions to a target at 2,092 – 2,094 or...
by Lara | Jun 16, 2016 | S&P 500, S&P 500 + DJIA |
Overall, the session unfolded mostly as expected with downwards movement first then upwards movement. A green daily candlestick was expected to continue a bounce. Summary: A multi day correction has most likely begun to a target at 2,094 or 2,099 -2,102. If this...
by Lara | Jun 15, 2016 | S&P 500, S&P 500 + DJIA |
A small bounce began mostly as expected, but it did not begin with a final low first. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an...
by Lara | Jun 14, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was again expected for Tuesday but did not happen. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an opportunity to join the...
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 | Jun 6, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. The main Elliott wave count was invalidated with a new high above 2,111.05. Summary: There is still weakness to upwards movement; a pullback is still expected sooner rather than later. How low the next wave down goes and how strong it...
by Lara | May 31, 2016 | S&P 500, S&P 500 + DJIA |
The target at 2,099 was slightly overshot at the start of today’s session, but price then turned down to breach the channel on the hourly chart. So far price is behaving as expected and offering what looks like a perfect trade set up during today’s...
by Lara | May 28, 2016 | S&P 500, S&P 500 + DJIA |
The target at 2,099 was reached on Friday. Summary: The wave count now expects downwards movement from here. This is supported at the end of this week by classic technical analysis. A breach of the green channel on the hourly chart would be first confidence, and a new...
