by Lara | Dec 9, 2015 | S&P 500, S&P 500 + DJIA |
A new low below 2,042.35 confirmed the scenario for the hourly bull Elliott wave count. Summary: A third wave down is most likely in the early stages. The target is 1,994. The trend is down. Use resistance lines to show were corrections against the trend may end. To...
by Lara | Dec 8, 2015 | S&P 500, S&P 500 + DJIA |
The preferred hourly bear Elliott wave count led the way today. The Elliott Wave counts are the same. Summary: The preferred hourly bear wave count expects upwards movement to 2,103.81 tomorrow. It may take two days to get there. If we see a new low below 2,042.35...
by Lara | Dec 7, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: This does not look like the start of a third wave down because volume is too light. What looks likely is today was part of a correction which may end with some upwards movement to end tomorrow above 2,093.84 but not above...
by Lara | Dec 5, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected but did not happen. The channel breach in the first hour of Friday’s session indicated a second wave correction had most likely arrived earlier than expected. Summary: A third wave down may begin on Monday. The short term target...
by Lara | Nov 30, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement in a slightly wider range remains above the invalidation point on the hourly chart. The Elliott wave count is changed slightly but the outlook is essentially the same. Summary: The trend is still down, but a bear market rally continues and is not...
by Lara | Nov 28, 2015 | S&P 500, S&P 500 + DJIA |
With price moving mostly sideways in a very small range due to a public holiday and NY open only half a day, the wave count is unchanged. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of next week. A new...
by Lara | Nov 25, 2015 | S&P 500, S&P 500 + DJIA |
A small inside day completes a doji candlestick, which fits the Elliott wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of next week. A new high above 2,116 is expected. The target for this...
by Lara | Nov 19, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price did move a little higher but completed an overall sideways day in a very small range. Summary: The trend is still down, but a bear market rally continues and is not done yet. A slight new high above 2,116 is expected in the next...
by Lara | Nov 16, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. This is not what happened. Price remains below both invalidation points on the hourly charts. Summary: The trend is still down. This upwards movement may end tomorrow about 2,061. Thereafter, more downwards movement should unfold....
