by Lara | Apr 26, 2016 | S&P 500, S&P 500 + DJIA |
A very small range day to produce a small green doji sees both hourly Elliott wave counts remain valid. Price is squeezed between two trend lines. Summary: The possibility of new highs will remain while price remains above the support line / lower edge of the Elliott...
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 23, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower to breach the short term invalidation point on the first hourly Elliott wave count and provide first confidence for the alternate hourly Elliott wave count. Summary: How price behaves on Monday, now that it is close to the support line, will indicate...
by Lara | Apr 16, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
A little downwards movement was expected. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with a target just above 2,116.48. It may end next week. The upwards trend is very weak. To see last published monthly charts...
by Lara | Apr 14, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was again expected. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with a target just above 2,116.48. It may end in just three more sessions on 19th April, 2016. The upwards trend is very weak. To...
by Lara | Apr 13, 2016 | S&P 500, S&P 500 + DJIA |
An upwards breakout was expected, but has come a day or so earlier than expected in yesterday’s analysis. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. A new high reasonably above...
by Lara | Apr 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Classic technical analysis changes the Elliott wave count at the hourly chart level. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. A new high reasonably...
by Lara | Apr 11, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement of the last two sessions looks like an Elliott wave contracting triangle. In the short term, the wave count is changed. In the mid term, the expected direction is the same. Summary: This is still a bear market rally until proven otherwise. A final...
by Lara | Apr 6, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This is what happened. 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 complete the structure. The target is 2,124. The invalidation point...
