by Lara | Feb 2, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA
A breach of the channel on the hourly Elliott wave chart provides some confidence the bounce is over. Summary: There is earliest confirmation of a trend change today. The probability that the bounce is over has increased. Further confidence may be had with a new low...
by Lara | Feb 1, 2016 | S&P 500, S&P 500 + DJIA |
Higher prices were expected for Monday. Higher prices is what happened. Summary: The correction may now be complete, but this absolutely requires confirmation before any confidence may be had that the downwards trend is about to resume. A clear breach of the upwards...
by Lara | Jan 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was allowed for as one possibility within this bounce. Overall, this bounce is unfolding as expected. Summary: The bounce looks like a second wave double zigzag which is almost complete. If it ends with one more upwards day on Monday, it would total a...
by Lara | Jan 26, 2016 | S&P 500, S&P 500 + DJIA |
Analysis for the last few days has expected to see a consolidation. Price is moving sideways and is range bound. Volume is declining. This is exactly what was expected. Summary: This bounce is either another second wave correction or a fourth wave correction, and it...
by Lara | Jan 21, 2016 | S&P 500, S&P 500 + DJIA |
Price remains below the invalidation point on the preferred hourly chart, so that Elliott wave count still has a higher probability. Summary: The middle of a big third wave should be approaching. The wave count expects a further increase in momentum. This view has a...
by Lara | Jan 12, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis warned that the S&P may bounce, which is what happened. Summary: More upwards movement is most likely, which may last about two weeks and end above 2,027. This outlook would be confirmed with a new high above 1,947.38 and a breach of...
