by Lara | Aug 9, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s hourly Elliott wave count expected some upwards movement to end between 2,185.44 to 2,188.32, then downwards movement. Price began the session with upwards movement and reached 1,287.66 before turning downwards exactly as expected. Summary: The trend...
by Lara | Aug 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to a target at either 2,192 or 2,199. The session began with a little upwards movement but only to 2,185.44 before turning down. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above...
by Lara | Aug 5, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis concluded that upwards movement was most likely. This is what happened for Friday. Upwards movement was confirmed early in the session with a new high above 2,178.29. Summary: The upwards trend is continuing after a sideways consolidation,...
by Lara | Aug 4, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s main Elliott wave count expected upwards movement, which is what has happened so far. Summary: Upwards movement is most likely next week. A new high above 2,178.29 would add confidence to this view. Alternatively, a new low now below 2,147.58 would...
by Lara | Jul 25, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement to below 2,168.98 but not below 2,159.75 was expected as most likely by the main Elliott wave count for Monday. Price moved lower to reach 2,161.94. Summary: A small pennant or Elliott wave triangle may have ended today. This should be followed by a...
by Lara | Jul 20, 2016 | S&P 500, S&P 500 + DJIA |
In the very short term, sideways movement was expected for one or two sessions before the upwards trend resumed, but this did not happen. Price has moved higher. Summary: The trend is up and there is some small support today from volume. The target for a third wave to...
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 | Jul 6, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday’s session, but this is not what happened. Price remains below the invalidation point on the hourly Elliott wave chart. Summary: Downwards movement should continue from here with lower lows and lower highs. In the...
