by Lara | May 26, 2016 | S&P 500, S&P 500 + DJIA |
A tiny red daily doji candlestick sits right on the trend line. Both hourly Elliott wave counts remain valid. Summary: Upwards movement is either over yesterday or it may end slightly higher tomorrow. A breach of the green channel on the hourly chart would provide...
by Lara | May 25, 2016 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line. Price has stopped for the session right at the trend line. Summary: Upwards movement is either over today or it may end slightly higher tomorrow. A breach of the green...
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 18, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count again yesterday, which is exactly what happened. Upwards movement during the session was also expected for a second wave bounce. Summary: The main wave count expects to see downwards movement accelerate...
by Lara | May 17, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count yesterday and this is exactly what happened. Summary: The main wave count expects to see downwards movement accelerate in the next week or so as a third wave unfolds. The first short term target is at...
by Lara | May 14, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday, which is what happened. Summary: Volume and On Balance Volume indicate that a bounce up may unfold for Monday / Tuesday next week as per the main hourly wave count. If price gets up that high, look for strong resistance at...
by Lara | May 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected as most likely for Thursday’s session. Price moved lower but not conclusively; a red doji candlestick was printed. The situation short term remains unclear. The Elliott wave count mid / long term still looks right. Summary: It is...
by Lara | May 11, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement for Wednesday’s session fits what was expected as most likely for the hourly Elliott wave count in last analysis. Summary: A five down on the daily chart is complete. The following upwards correction is more likely incomplete, so it is more...
by Lara | May 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Tuesday’s session but did not happen. Upwards movement invalidated the hourly Elliott wave count, but the daily Elliott wave count remains on track. Summary: A five down on the daily chart for minor 1 is complete. Minor 2...
