by Lara | Jun 15, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not expected from the main Elliott wave count, but it has not been enough to invalidate the main Elliott wave count at the hourly chart level. Summary: The main wave count assumes a bull market remains intact because we have zero confirmation of...
by Lara | Jun 11, 2015 | S&P 500, S&P 500 + DJIA |
I have found a more acceptable bull Elliott wave count which sees the ending diagonal incomplete. Bull Wave Count Click chart to enlarge. The ending contracting diagonal may be incomplete. The diagonal is still contracting. Minute wave iii is shorter than minute wave...
by Lara | Jun 8, 2015 | S&P 500, S&P 500 + DJIA |
The alternate Elliott wave count is looking increasingly likely, but it remains unconfirmed. Summary: The main wave count has further reduced in probability, but the alternate still requires confirmation. This is a big trend change, even for the bull wave count, and...
by Lara | Jun 4, 2015 | S&P 500, S&P 500 + DJIA |
A little downwards and sideways movement was expected, but price moved lower than expected breaching the invalidation point at the hourly chart level. Summary: The triangle is invalidated. The bull wave count requires upwards movement tomorrow. The target for a final...
by Lara | May 28, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: The next move for the S&P may be a strong third wave down to a short term target about 2,069. Changes to last analysis are italicised. To see a weekly chart and how to draw trend lines go here. Bull Wave Count Click chart...
by Lara | May 26, 2015 | S&P 500, S&P 500 + DJIA |
The short term target for downwards movement at 2,103 was met and exceeded slightly by 3.73 points. Summary: A small fourth wave correction is incomplete; sideways movement may complete a small green candlestick or doji for tomorrow. The fourth wave may end about...
by Lara | May 20, 2015 | S&P 500, S&P 500 + DJIA
Again upwards movement may be over, but confirmation is required. Summary: Again the structure of this contracting diagonal is complete. A breach of the channel on the hourly chart is absolutely required for confidence in a trend change at least at minute degree....
by Lara | May 14, 2015 | S&P 500, S&P 500 + DJIA
Yesterday’s Elliott wave analysis expected it was more likely for a third wave up to begin on Thursday which is exactly what happened. Summary: Overall upwards movement should continue until the upper pink i-iii trend line of the diagonal is overshot. The target...
by Lara | May 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement has deepened the correction, which remains above the trend line and invalidation point. Summary: It is fairly likely that minuette wave (b) is over and minuette wave (c) up has begun. The short term target is at 2,135 for upwards movement to end....
