by Lara | Oct 19, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday, but it did not happen. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. Some increase in volume today supports this idea. The...
by Lara | Oct 15, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. The session made a higher high and a higher low, but it closed with a red candlestick. Summary: Price may move lower to complete a second wave correction on Monday, and this is supported by short term...
by Lara | Oct 13, 2016 | S&P 500, S&P 500 + DJIA |
In yesterday’s analysis I noticed bearish divergence between price and VIX, so members were instructed to look out for a possible surprise to the downside. Downwards movement breached the invalidation point on the main daily wave count, but not the weekly, so...
by Lara | Oct 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement, which was expected for Wednesday’s session, produced a small green daily candlestick. Summary: Intermediate wave (3) upwards should move above the end of intermediate wave (1) at 2,179.99. Upwards movement for today’s session lacks...
by Lara | Oct 11, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Tuesday’s session, which is what happened. The short term triangle structure was invalidated by more downwards movement than expected. Summary: Intermediate wave (3) upwards should begin tomorrow and must move above the...
by Lara | Oct 10, 2016 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Monday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: A red daily candlestick may unfold tomorrow within the sideways triangle, which continues. When sideways movement is...
by Lara | Oct 8, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Friday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: In the short term, Monday may print a green daily candlestick, or possibly a doji. Overall sideways movement Monday may...
by Lara | Oct 5, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected that Tuesday’s session would move price lower, and it has. But the target has not yet been reached. This wave down may not exhibit a Fibonacci duration in terms of how many days it lasts. The target remains the same. Summary:...
by Lara | Oct 3, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement has unfolded exactly as expected so far for Monday’s session. The target for the main Elliott wave count remains the same. Summary: One more day of downwards movement to 2,137 is expected. Thereafter, price should turn up to make a new high...
