by Lara | Dec 10, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected a pullback to last a few days, but price has continued higher. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate...
by Lara | Dec 7, 2016 | S&P 500, S&P 500 + DJIA |
Price remained within the small green channel, so upwards movement was expected to continue. The short term targets were woefully inadequate, but longer term targets remain the same. Summary: Use the narrow green channel on the hourly chart and expect upwards movement...
by Lara | Dec 6, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday, which is exactly what has happened. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227. This bull market is ageing, but it still shows...
by Lara | Dec 5, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Monday, which is exactly what has happened. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227. This bull market is ageing, but it still...
by Lara | Nov 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. Although the candlestick closed red, it did make a higher high and a higher low from the prior day. Summary: A small fourth wave correction may end tomorrow about 2,190. If price makes a new low below...
by Lara | Nov 16, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement. Price has moved sideways, to complete a small doji candlestick, and remains below the invalidation point on the Elliott wave count. Summary: A correction down to about 2,120 and the lilac trend line is still...
by Lara | Nov 15, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement, but this is not what happened. Price stopped barely short of the invalidation point. Summary: A correction down to about 2,120 and the lilac trend line is still expected this week. Use this as an opportunity to...
by Lara | Nov 14, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick fits the Elliott wave count nicely. The target may be met tomorrow. Summary: A correction down to about 2,120 and the lilac trend line is expected this week. Use this as an opportunity to join the trend for a third wave up. Volume strongly...
by Lara | Nov 9, 2016 | S&P 500, S&P 500 + DJIA |
A new high above 2,154.79 adds confidence to the main Elliott wave count. A new alternate is presented today, but it has a very low probability. Dow Theory today provides important confirmation. Summary: Classic analysis favours a bullish Elliott wave count. The new...
