by Lara | Dec 14, 2016 | S&P 500, S&P 500 + DJIA |
A breach of the channel on the hourly Elliott wave chart and a new low below 2,252.37 indicate a correction has begun. Summary: Although the alternate is labeled as such, it may have a higher probability than the main. A pullback has begun and is likely to continue...
by Lara | Dec 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday’s session. Price today has made a new all time high. 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...
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 | Dec 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as expected. Summary: There are two days in a row of strong divergence between price and VIX, and now RSI is overbought and Stochastics shows some divergence while extreme. These indicators point to a downwards day here to start a short...
by Lara | Dec 5, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Monday, which is exactly what has happened. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227. This bull market is ageing, but it still...
by Lara | Dec 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. A small green doji completes an inside day, which mostly fits expectations. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 –...
by Lara | Nov 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued past the target, which was at 2,199. Summary: A target for upwards movement to end is now at 2,206. The limit is at 2,213.03. A pullback is still expected to begin soon and to find support about 2,120 and the lilac trend line for a test of...
by Lara | Nov 21, 2016 | S&P 500, S&P 500 + DJIA |
A new all time high indicates the S&P is still in a bull market. Dow Theory has confirmation. Summary: A pullback is still expected here or very soon indeed. It should begin this week. The target is still about 2,120 and the lilac trend line. Last monthly chart...
by Lara | Nov 17, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis again expected downwards movement. This is not what happened. The invalidation point on the hourly chart was breached by upwards movement. Summary: A downwards pullback is still expected to find support about 2,120 and the lilac trend line....
