by Lara | Mar 14, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected from the main Elliott wave count. Friday ended with a red candlestick, but price continues to find strong support at the two trend lines and remains above the invalidation points. Summary: The main wave count requires upwards movement on...
by Lara | Mar 12, 2015 | S&P 500, S&P 500 + DJIA |
An upwards bounce was expected. The green candlestick for Thursday’s session fits both Elliott wave counts. Summary: If upwards movement continues tomorrow the main wave count will increase in probability. The target at 2,178 may be met 25th March, give or take...
by Lara | Mar 10, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the alternate and not the main Elliott wave count. Summary: The main and alternate wave counts both require a little more downwards movement in the short term. If the lower blue 2-4 trend line on the daily bull chart provides...
by Lara | Mar 4, 2015 | S&P 500, S&P 500 + DJIA
Again, upwards movement was expected, but downwards movement breached the invalidation point (which was very close by) on the hourly Elliott wave count. Summary: This downwards movement looks like minute wave b within minor wave 5. This changes the target calculation....
by Lara | Mar 3, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price moved lower to invalidate the main hourly Elliott wave count. Summary: The target remains the same at 2,133, but it may not be met in just two more sessions and looks like it will need a little longer to get there. I am still...
by Lara | Mar 2, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected for both Elliott wave counts. Summary: Upwards movement may continue for three more sessions to reach 2,133. It is possible that it is over, but this has a lower probability. Click charts to enlarge. Bullish Wave Count Upwards movement...
by Lara | Feb 5, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected for the main Elliott wave count. Summary: The trend is upwards and the breakout should come tomorrow. The short term target is at 2,080.. Click on charts to enlarge. Main Bull Wave Count I will favor neither the bull or bear wave count....
by Lara | Feb 2, 2015 | S&P 500, S&P 500 + DJIA |
S&P started the day by moving towards the downside, increasing the confidence in the main count, but price reversed direction ending the day near its highs. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed...
by Lara | Jan 29, 2015 | S&P 500, S&P 500 + DJIA |
Price has still not confirmed either Elliott wave count, and they both remain valid. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed with a new low below 1,988.12. The alternate must see upwards movement from here,...
