by Lara | Mar 29, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was again 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. To see last published monthly...
by Lara | Mar 19, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. A short term target for Monday is 2,057. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short term, the...
by Lara | Mar 15, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price made a slight new low on another very small range quiet day. Summary: The mid term trend is still most likely up. In the short term, a small fourth wave correction may continue sideways. When it is done the target for the next wave...
by Lara | Mar 12, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected but did not happen. A new alternate Elliott wave count is published with this analysis. Summary: The short / mid term trend remains up while price remains above 1,969.25. The target is 2,086 – 2,088. When the next impulse is over,...
by Lara | Mar 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count. Summary: Earliest confirmation that the correction is over has come with a clear breach of the channel containing it and now a new low below 1,974.08. Final price confirmation would come with a new low...
by Lara | Mar 9, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement for a small green daily candlestick still fits the Elliott wave count. Summary: The correction is still most likely over. Price confirmation that the correction is over is still required with a new low below 1,962.96. Upwards movement may continue...
by Lara | Mar 8, 2016 | S&P 500, S&P 500 + DJIA |
A breach of a channel on hourly chart is earliest confirmation of a trend change. Summary: Earliest indication that the correction may be over came today with a breach of the channel on the hourly chart. This increases the probability that the correction is over....
by Lara | Mar 7, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day fits both Elliott wave counts. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount at any time frame...
by Lara | Feb 27, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected as most likely, but an end to the bounce was unconfirmed. Price moved slightly higher before turning down to complete a small red candlestick. Summary: Upwards movement is still more likely over than not, but this is unconfirmed. A new...
