by Lara | Jun 26, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday, but this did not happen. However, the lower trend line on the hourly Elliott wave chart did work perfectly to show where downwards movement found support. Summary: The trend line on the hourly chart needs to be breached before...
by Lara | Jun 25, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for Thursday to a short term target at 2,104. Price moved lower to reach 2.22 points below the target. Summary: A second wave correction may be complete. Friday should see a third wave up to 2,159. If price moves lower to begin...
by Lara | Jun 24, 2015 | S&P 500, S&P 500 + DJIA
A breach of the channel on yesterday’s first hourly Elliott wave count indicated the second count, which expected downwards movement, was more likely. Summary: A second wave correction may end about 2,104. When the correction is done, a third wave up should show...
by Lara | Jun 23, 2015 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected overall more upwards movement with corrections to find support at the lower edge of the channel on the hourly chart. A small green candlestick for Wednesday fits the main Elliott wave count, and the lower edge of the channel is...
by Lara | Jun 22, 2015 | S&P 500, S&P 500 + DJIA
The main Elliott wave count overall expected more upwards movement, but a short term move down to 2,103.67 was expected and did not happen. Summary: Overall more upwards movement is expected to a target at 2,185. This target may change when the calculation may be done...
by Lara | Jun 18, 2015 | S&P 500, S&P 500 + DJIA
The main bull Elliott wave count overall expects upwards movement, but a small second wave correction was expected to move price lower for Thursday’s session which did not happen. Summary: There is zero confirmation of a trend change from bull to bear. The main...
by Lara | Jun 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement again favours the bull Elliott wave count. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count will therefore expect to see a continuation of the upwards trend; the target remains the same at 2,185, and it may...
by Lara | Jun 16, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement favours the bull Elliott wave count. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count will therefore expect to see a continuation of the upwards trend; the target remains the same at 2,185, but the...
by Lara | Jun 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected by both the new Elliott wave count (presented in yesterday’s update) and the alternate. Summary: The new main wave count has a target at 2,161 which may be met in another five or ten days. The alternate requires a new low at least...
