by Lara | Aug 15, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday, which is what happened. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,172. The mid term targets are 2,332 or 2,445. If price makes a new low below 2,147.58, then...
by Lara | Aug 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement is choppy and overlapping indicating a diagonal. Summary: A consolidation may be completing for intermediate wave (2). Price should move overall upwards before turning and moving lower for a few days to end below 2,159.07. Last monthly chart for the...
by Lara | Jul 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to about 2,175 or a little above was expected for Friday’s session. Price moved higher to reach 2,177.09. Summary: Upwards movement next week to a target at 2,231 is expected. This is supported by a short term bullish volume profile and an...
by Lara | Jul 27, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. Price whipsawed, invalidating both hourly Elliott wave counts, and closed only a little below the open for the day to overall move sideways. Summary: In the short term, an upwards swing should take price...
by Lara | Jul 16, 2016 | S&P 500, S&P 500 + DJIA |
Analysis yesterday again expected more upwards movement. While that is how the session began in the first hour, thereafter price fell to complete a small red daily candlestick. Summary: In the very short term, a small pullback to about 2,147 or 2,133 is expected. If...
by Lara | Jul 13, 2016 | S&P 500, S&P 500 + DJIA |
Again, the two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jul 13, 2016 | Dow Theory, S&P 500, S&P 500 + DJIA, S&P 500 Historical |
The two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price is above 2,136.32. There is some bullishness today from...
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 21, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day remains below the invalidation point on both Elliott Wave hourly charts. Summary: A correction was still most likely over at the last high two days ago. A short term target for the next wave down is 1,987. Trading advice (not intended for more...
