by Lara | Jan 16, 2015 | S&P 500, S&P 500 + DJIA
The S&P 500 continued its range bound movement. Two points became even clearer by today`s price action. First, the S&P 500 has been going through a consolidation phase. Second, this consolidation phase has more to offer and still is incomplete. Summary:...
by Lara | Jan 15, 2015 | S&P 500, S&P 500 + DJIA
Sideways movement had the upper hand on Thursday`s session, That part was expected but also we expected short term upwards correction to take place before resuming downwards movement. Today`s price action suggests that this might not be the case. Summary:...
by Lara | Jan 12, 2015 | S&P 500, S&P 500 + DJIA |
A new low was expected to begin the session. The upwards trend should have resumed. Summary: The short term target is at 2,139. A new high above 2,113.43 would provide price confirmation that the bull market will continue for a little longer, and would provide...
by Lara | Jan 9, 2015 | S&P 500, S&P 500 + DJIA |
A slight new high signaled the completion of the first subdivision within minuette wave (iii) and price spent the rest of the day within a downwards correction that has more to offer towards the downside. Summary: The general direction remains up. On Monday`s session...
by Lara | Jan 8, 2015 | S&P 500, S&P 500 + DJIA
Impulsive upwards movement was expected within minuette wave (iii) and the upwards trend has most likely resumed. Summary: The overall theme for today is that direction is still up. Upwards momentum should increase over the next few days and price must make new highs...
by Lara | Jan 7, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not expected, but with no confirmation that the upwards trend had resumed it was allowed for. Summary: A little more downwards movement to 1,989 may complete this correction. A breach of the channel on the hourly chart is still required before...
by Lara | Jan 6, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not expected, but with no confirmation that the upwards trend had resumed it was allowed for. Summary: A clear breach of the channel on the hourly chart is still required to confirm that the upwards trend has resumed. When we have this...
by Lara | Jan 3, 2015 | S&P 500, S&P 500 + DJIA
Price moved lower as expected to end at 2,047.01, right in the target zone at 2,049 – 2,047. Summary: The upwards trend should resume. This would be confirmed with a clear breach of the channel on the hourly chart. The short term target is at 2,121. Click on...
by Lara | Dec 31, 2014 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Downwards movement did not invalidate the Elliott wave count at the hourly chart level. Summary: Downwards movement may end about 2,049 – 2,047. Thereafter, upwards movement should resume. The mid term target remains at 2,138....
