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...
by Lara | Oct 24, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement was 2,065 or 2,080. Price moved higher as expected for Friday to reach 2,079.74. Summary: A little more upwards movement to 2,082 would complete the structure. A fourth wave correction may unfold sideways first, and so the target may be...
by Lara | Oct 19, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement to end was at 2,037. Price has moved slightly higher to reach 2,031.60, falling short of the target so far. Summary: The zigzag upwards may now be complete, or we may yet see a little more upwards movement before it is done. Price...
by Lara | Oct 16, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement continued which favours the bear Elliott wave count short term. The correction may be almost over and now a target may be calculated for it in which I have more confidence. Summary: A zigzag upwards may be almost complete. A target for it to end is at...
by Lara | Oct 15, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was again expected for Wednesday. Summary: Short term this downwards movement may end tomorrow about 1,986 – 1,984. The next wave up is either a five wave structure for a C wave, or a B wave at three degrees. If the next wave up is a three,...
