by Lara | Jul 14, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count from yesterday’s analysis expected price to move higher. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jul 6, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday’s session, but this is not what happened. Price remains below the invalidation point on the hourly Elliott wave chart. Summary: Downwards movement should continue from here with lower lows and lower highs. In the...
by Lara | Jul 2, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. Price moved higher to complete a small green daily candlestick. Summary: In the short term, price may move yet a little higher early next week. Upwards movement looks to be very weak though, so it may end...
by Lara | Jun 30, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected as most likely for the session, but it was allowed that price could continue higher. Price remains below the invalidation point. Summary: In the short term, it looks like upwards movement is not quite over. But this upwards wave is very...
by Lara | Jun 29, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement broke above 2,050.37 indicating price should continue higher to 2,067. Upwards movement reached 2,073.13 for the session. Summary: In the short term, a correction looks to be complete. A third wave down should begin very soon, most likely tomorrow....
by Lara | Jun 28, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded for the session exactly as expected, ending almost at the target which was at 2,038.15. Summary: In the short term, some sideways movement is most likely to complete a fourth wave correction for another two or four days, with two more likely....
by Lara | Jun 27, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was expected short term for Monday / Tuesday but did not turn up on Monday. The mid term target at 2,000 was met and exceeded by 8.32 points. Summary: In the short term, it looks very likely today (more so than the end of last week) that a multi day bounce...
by Lara | Jun 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: In the short term, a bounce may arrive to move price higher Monday / Tuesday which if it is deep may end about 2,082. The mid term target for a third wave at minor degree is 2,000. The long term targets for primary wave 3 are...
by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Summary: Bottom line: a new low below 2,050.37 would confirm an end to a bear market rally and a primary degree third wave down. Before that happens price may move higher all the way up to the all time high at 2,134.72, but not above if...
