by Lara | May 2, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the short term from both hourly Elliott wave counts. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and it is supported by technical...
by Lara | Apr 30, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected downwards movement for Friday to a target at 2,046. Downwards movement unfolded as expected, but fell 6.28 points short of the target. Summary: The probability that the upwards wave is over and the next wave down has begun is very...
by Lara | Apr 28, 2016 | S&P 500, S&P 500 + DJIA |
So far it looks like the alternate hourly Elliott wave count may be right, but we still don’t have price confirmation. Both hourly charts will expect the same movement next for the short term. Summary: In the short term, a small fourth wave may move higher and...
by Lara | Apr 28, 2016 | S&P 500, S&P 500 + DJIA |
Another small range day for another doji, now four in a row. The squeeze on price should be over very shortly. Summary: The possibility of new highs will remain while price remains above 2,039.74. A breach of the support line at the daily chart level would indicate a...
by Lara | Apr 20, 2016 | S&P 500, S&P 500 + DJIA |
The short term target on yesterday’s hourly chart was 2,103. This target was met. The high for the session was 2,104.05, just 1.05 points above the target. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with...
by Lara | Apr 18, 2016 | S&P 500, S&P 500 + DJIA |
Overall upwards movement was expected for Monday’s session from the main Elliott wave count. This is what happened. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with a target just above 2,116.48. It may end...
by Lara | Apr 7, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This is not what happened. Price remains above the invalidation point on the hourly chart. The Elliott wave count remains on track. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to...
by Lara | Mar 31, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected but did not happen. Downwards movement remains above the invalidation point. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The target is 2,124. The...
by Lara | Mar 30, 2016 | S&P 500, S&P 500 + DJIA |
Again, upwards movement was expected. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The target is 2,124. The invalidation point for this rally is 2,134.72. A short term target for a...
