by Lara | Dec 23, 2016 | S&P 500, S&P 500 + DJIA |
Another very small range day moved price essentially sideways fitting the Elliott wave count for the short term. Two hourly Elliott wave counts are provided to end the year, with the one daily Elliott wave count remaining the same. Summary: A small pennant pattern may...
by Lara | Dec 22, 2016 | S&P 500, S&P 500 + DJIA |
Another downwards day remains within the range of recent movement. The short term Elliott wave structure at the hourly chart level is relabelled, and the Elliott wave target remains the same. Summary: A small pennant pattern may be completing, the target would be...
by Lara | Dec 21, 2016 | S&P 500, S&P 500 + DJIA |
A downwards day remains within the small pattern forming. Summary: A small pennant pattern may be completing, the target would be about 2,359 (measured rule) or 2,473 (Elliott wave). However, ADX is still extreme in the short term at the daily chart level, and VIX is...
by Lara | Dec 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the second hourly Elliott wave count. Summary: Another small pennant pattern may be over, the target would be about 2,350 (measured rule) or 2,473 (Elliott wave). However, indicators are sounding strong notes of caution here: ADX is...
by Lara | Dec 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as expected. Summary: There are two days in a row of strong divergence between price and VIX, and now RSI is overbought and Stochastics shows some divergence while extreme. These indicators point to a downwards day here to start a short...
by Lara | Dec 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. A small green doji completes an inside day, which mostly fits expectations. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 –...
by Lara | Dec 1, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Thursday’s session. The target at 2,190 was met and exceeded so far by 2.56 points. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227....
by Lara | Nov 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. Although the candlestick closed red, it did make a higher high and a higher low from the prior day. Summary: A small fourth wave correction may end tomorrow about 2,190. If price makes a new low below...
by Lara | Nov 29, 2016 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point on the hourly Elliott wave count. The small downwards movement for today still fits with overall expectations. Summary: An upwards trend is in place. Corrections are an opportunity to join the trend. A sideways correction is...
