by Lara | Nov 13, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected and ended at an expected line of support. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding, so expect any surprises to...
by Lara | Nov 11, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement invalidated the hourly Elliott wave count. Summary: A new low below 2,050.09 would provide confidence in the expectation that a third wave down is underway. Short term, while price remains above 2,050.09, it is possible that a second wave correction...
by Lara | Nov 7, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was again expected. Price has moved lower, but only sightly, and it looks unconvincing. Summary: Upwards movement is still very likely to be over. A new low below 2,083.74 at this stage would provide more confidence that the trend has changed. A new...
by Lara | Nov 5, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: Upwards movement is still very likely to be over. A new low below 2,058.84 would provide more confidence that the trend has changed. If a new high is seen, then the possible target for upwards movement to end remains at 2,121....
by Lara | Nov 4, 2015 | S&P 500, S&P 500 + DJIA |
The channel on the hourly chart is breached. Summary: Upwards movement is more likely now to be over. A new low below 2,058.84 would add full confidence that a new wave down has begun. If price moves to a new high tomorrow, the target for upwards movement to end is at...
by Lara | Nov 2, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected, but this was not what happened. Price moved higher and remains below the invalidation point for the bear wave count. Summary: The target is again 2,107 for upwards movement to end. Only when the channel on the hourly chart is clearly...
by Lara | Oct 28, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement to a target at 2,082 – 2,089 was expected. Price moved higher to reach up to 2,090.35. Summary: The structure of the final fifth wave is incomplete, at the hourly chart level, so yet more upwards movement is expected to a new target at 2,110...
by Lara | Oct 27, 2015 | S&P 500, S&P 500 + DJIA
The fourth wave correction continued a little lower to complete a small red doji with a long lower shadow. Summary: A short brief fifth wave upwards to the target at 2,082 – 2,089 would complete this entire structure for a bear market rally. If the target is met...
by Lara | Oct 26, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement for a fourth wave was expected and this was exactly what happened for Monday’s session. Summary: A fourth wave triangle may have ended at the conclusion of Monday’s session, or it may yet continue sideways a little longer. When it is done...
