by Lara | Nov 28, 2015 | S&P 500, S&P 500 + DJIA |
With price moving mostly sideways in a very small range due to a public holiday and NY open only half a day, the wave count is unchanged. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of next week. A new...
by Lara | Nov 24, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A green candlestick completed and price remains above the invalidation point on the hourly chart. Some downwards movement during the session was allowed for. Summary: The trend is still down, but a bear market rally continues and is not...
by Lara | Nov 23, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A small range day moved price a little lower. This still fits the wave count. 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 week or very early next week. A new high...
by Lara | Nov 20, 2015 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end on Monday or Thursday next week. A new high above 2,116 is expected in the next few days now. If price moves above 2,122, then the...
by Lara | Nov 18, 2015 | S&P 500, S&P 500 + DJIA |
A strong upwards day changes the Elliott wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. A slight new high above 2,116 is expected in the next few days now. Thereafter, the downwards trend should resume in force....
by Lara | Nov 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to end about 2,061. Price moved higher to reach 2,066.69 and turned downwards from there to complete a red doji. Summary: The trend is still down. Tomorrow’s target is 2,018. If this is wrong, it may not be low enough. Bear markets...
by Lara | Nov 13, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected and ended at an expected line of support. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding, so expect any surprises to...
by Lara | Nov 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement confirmed a third wave down is underway. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding. so expect any surprises to be to the...
by Lara | Nov 10, 2015 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected but did not happen. Price moved mostly sideways in a small range to complete a green candlestick. Summary: More downwards movement is still expected. The first invalidation point on the hourly chart is very close by at 2,083.74....
