by Lara | Feb 25, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. An alternate Elliott wave count allowed for some more upwards movement. Summary: Upwards movement is still more likely over than not, but this is unconfirmed. A new low below 1,891 and below the channel on the hourly chart would...
by Lara | Feb 24, 2016 | S&P 500, S&P 500 + DJIA |
Again, downwards movement was expected. Price moved lower to make a lower low and a lower high. This fits the wave count. Summary: Upwards movement is still most likely over. A break now below the lower cyan trend line and below 1,891 would add substantial confidence....
by Lara | Feb 23, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected, but a new high to 1,948 – 1,950 was also considered a possibility first. This did not happen. Summary: Upwards movement is most likely over. A new low below 1,902.17 would provide reasonable confidence. A big third wave down is...
by Lara | Feb 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as expected from the last analysis. Summary: Upwards movement may be over here, or tomorrow may begin with a slight new high to 1,948 – 1,950. Today, it looks like the target at 1,987 was too optimistic and may not be reached. The...
by Lara | Feb 19, 2016 | S&P 500, S&P 500 + DJIA |
It was expected that price may move a little lower for Friday. This is what happened. Summary: There will be two expectations for this bounce: either one more day up to find resistance at the upper cyan trend line, or three days up to about 1,987. When the bounce is...
by Lara | Feb 18, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday expected to see short term sideways / downwards movement for the hourly charts. This is what happened. Summary: The bear market rally still looks to be incomplete. Price may move a little lower tomorrow to find support at the lower cyan trend line. However,...
by Lara | Feb 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement for Friday was expected. Summary: The trend is down. This upwards movement is a correction against the trend. In the short term, a Dead Cat Bounce may end in another two or four days (most likely – but this is not definitive) and should find...
by Lara | Feb 12, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. The short term target at 1,800 was not met, but price has moved lower. Summary: In the short term, we may see a bounce here to again test the lower cyan trend line. A new high above 1,881.6 would confirm that a bounce is underway. It...
by Lara | Feb 10, 2016 | S&P 500, S&P 500 + DJIA |
Strong downwards movement was expected for Wednesday. Price began by moving higher and then completed the session by moving lower and printing a red candlestick. Summary: The trend is still down. A very strong third wave is most likely still building. Price should...
