by Lara | Apr 25, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower to sit on the support line. How price behaves tomorrow now that the line is met will indicate which hourly Elliott wave count is more likely. Summary: The possibility of new highs will remain while price remains above the support line / lower edge of...
by Lara | Apr 21, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower as both hourly Elliott wave counts expected. At the close of the session, both hourly Elliott wave counts remain valid. Summary: It is possible that a high is in place, but we should always assume the trend remains the same until proven otherwise....
by Lara | Apr 21, 2016 | S&P 500, S&P 500 + DJIA |
There are two hourly Elliott wave counts with very important differences. The alternate is entirely possible and outlines confirmation points and trend channels. Summary: It is possible that a high is in place, but we should always assume the trend remains the same...
by Lara | Apr 7, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This is not what happened. Price remains above the invalidation point on the hourly chart. The Elliott wave count remains on track. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to...
by Lara | Apr 5, 2016 | S&P 500, S&P 500 + DJIA |
A little downwards movement was expected for the session. This is what happened. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The target is 2,124. The invalidation point for this rally...
by Lara | Apr 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected; price made new highs. The session began with a whipsaw which remained just above the invalidation point. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The...
by Lara | Mar 19, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. A short term target for Monday is 2,057. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short term, the...
by Lara | Mar 8, 2016 | S&P 500, S&P 500 + DJIA |
A breach of a channel on hourly chart is earliest confirmation of a trend change. Summary: Earliest indication that the correction may be over came today with a breach of the channel on the hourly chart. This increases the probability that the correction is over....
by Lara | Mar 5, 2016 | S&P 500, S&P 500 + DJIA |
Price moved higher to 2,009, above the target which was 2,002 or 2,004. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount...
