by Lara | Dec 17, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a downwards trend should be assumed to remain in place while price remains below 2,093.84. We have another strong downwards day to complete another bearish engulfing candlestick pattern. This fits the Elliott wave count. Summary: A...
by Lara | Dec 16, 2015 | S&P 500, S&P 500 + DJIA |
An upwards day was not expected. Price breached the near by invalidation point on the hourly chart. Summary: A downwards trend is still expected to be in place while price remains below 2,093.84. The middle of a big third wave down is still expected to begin sooner...
by Lara | Dec 14, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement is showing increased momentum as expected. I have a new bullish Elliott wave count. Summary: A third wave down is underway and the structure remains incomplete. I expect a further increase in downwards momentum. The target remains at 1,850. To see...
by Lara | Dec 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement is showing increased momentum as expected. The bullish Elliott wave count is invalidated. Summary: A third wave down is still in the early stages. The first short term target for the middle of it to end is at 1,997. The second short term target is...
by Lara | Dec 10, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement fits the scenario presented for the preferred hourly bear Elliott wave count. Summary: A third wave down is most likely in the early stages. The target is 1,997 for the short term. The trend is down. Use resistance lines to show where corrections...
by Lara | Dec 7, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: This does not look like the start of a third wave down because volume is too light. What looks likely is today was part of a correction which may end with some upwards movement to end tomorrow above 2,093.84 but not above...
by Lara | Dec 3, 2015 | S&P 500, S&P 500 + DJIA |
A new low below 2,066.69 invalidated the hourly Elliott wave counts. At that stage, a third wave down was expected to be in the early stages. Summary: A third wave has most likely begun. I cannot see a five down complete yet on the hourly chart, so more downwards...
by Lara | Dec 3, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was not expected and invalidated the hourly Elliott wave counts. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end tomorrow. A new high above 2,116 is expected. The new target for this upwards...
by Lara | Dec 1, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement followed by a short upwards thrust was expected. This is somewhat what happened, but the Elliott wave triangle was invalidated. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of this...
