by Lara | Jul 5, 2016 | S&P 500, S&P 500 + DJIA |
A little more upwards movement was expected as likely, but a warning was given that price looked weak. Downwards movement was not expected but was allowed for. Summary: Downwards movement should continue from here with lower lows and lower highs. A short term target...
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 | 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...
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 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...
by Lara | May 9, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Monday to a target at 2,063. Price moved higher, to 2,064.15. Summary: Downwards movement may produce a red candlestick for Tuesday towards a target at 2,031. This is expected to be a fifth wave of the first impulse down...