by Lara | Mar 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to continue. This is what happened. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. On Balance Volume strongly suggests that downwards movement for Thursday...
by Lara | Mar 23, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement to about 2,035 was expected for Wednesday. Price moved lower to reach 2,034.86. Summary: This is still a bear market rally until proven otherwise. Today’s downwards day may have been day one of minor wave 4 which may continue lower / sideways...
by Lara | Mar 22, 2016 | S&P 500, S&P 500 + DJIA |
A small green doji for the session looks corrective. Summary: This is still a bear market rally until proven otherwise. Price may continue a little lower tomorrow to complete a small correction about 2,035. Thereafter, the upwards trend should resume to at least...
by Lara | Mar 21, 2016 | S&P 500, S&P 500 + DJIA |
Again, upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. Tomorrow may begin a small correction to last about one to three days which should remain above 2,018.91. Thereafter, the upwards trend should resume....
by Lara | Mar 14, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price made a slight new high. Summary: The short / mid term trend remains up while price remains above 1,969.25. The target is 2,086 – 2,088. When the next impulse is over, then how low the following wave down goes will indicate...
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...
