by Lara | Apr 18, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways to complete an inside day and close as a doji. Summary: A new alternate expects sideways movement for possibly up to another 22 sessions. If price remains above 2,327.58, this possibility will remain valid. The main wave count still expects a...
by Lara | Apr 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...
by Lara | Apr 12, 2017 | S&P 500, S&P 500 + DJIA |
Price is still range bound, testing support at today’s low. The breakout will come, and the longer price coils within this range the more violent the breakout may be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards...
by Lara | Apr 9, 2017 | S&P 500, S&P 500 + DJIA |
A breakout was expected for Friday but did not happen. An inside day was completed. Price remains range bound for this market. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a little more support for the...
by Lara | Apr 6, 2017 | S&P 500, S&P 500 + DJIA |
Again, upwards movement was expected. The session closed green although it completed with a lower low and a lower high, the definition of downwards movement. Price remains range bound between resistance at about 2,370 and support at about 2,340. The breakout will...
by Lara | Mar 29, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day fits within the Elliott wave count. The candlestick closed green and the balance of volume for the session was upwards. Overall, today may be read as neutral. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is...
by Lara | Mar 28, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate. Summary: The next wave up to a target at 2,455 may have begun today. The invalidation point is at 2,327.58. When a five up for minute wave i is...
by Lara | Mar 24, 2017 | S&P 500, S&P 500 + DJIA |
A little downwards movement to below 2,340.51 but not below 2,336.45 was expected during Friday’s session. Price did move lower, but it made a slight new low below 2,336.45, which was not expected. Summary: Volatility declined and market breadth improved while...
by Lara | Mar 23, 2017 | S&P 500, S&P 500 + DJIA |
Price moved overall upwards with a higher high and a higher low for the session. Upwards movement was expected. Summary: Tomorrow may begin with a little downwards movement to end below 2,340.51 but not below 2,336.45. Thereafter, price should turn up and show some...
