by Lara | Dec 10, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement fits the scenario presented for the preferred hourly bear Elliott wave count. Summary: A third wave down is most likely in the early stages. The target is 1,997 for the short term. The trend is down. Use resistance lines to show where corrections...
by Lara | Dec 3, 2015 | S&P 500, S&P 500 + DJIA |
A new low below 2,066.69 invalidated the hourly Elliott wave counts. At that stage, a third wave down was expected to be in the early stages. Summary: A third wave has most likely begun. I cannot see a five down complete yet on the hourly chart, so more downwards...
by Lara | Dec 3, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was not expected and invalidated the hourly Elliott wave counts. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end tomorrow. A new high above 2,116 is expected. The new target for this upwards...
by Lara | Dec 1, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement followed by a short upwards thrust was expected. This is somewhat what happened, but the Elliott wave triangle was invalidated. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of this...
by Lara | Nov 24, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A green candlestick completed and price remains above the invalidation point on the hourly chart. Some downwards movement during the session was allowed for. Summary: The trend is still down, but a bear market rally continues and is not...
by Lara | Nov 23, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A small range day moved price a little lower. This still fits the wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of this week or very early next week. A new high...
by Lara | Nov 20, 2015 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end on Monday or Thursday next week. A new high above 2,116 is expected in the next few days now. If price moves above 2,122, then the...
by Lara | Nov 18, 2015 | S&P 500, S&P 500 + DJIA |
A strong upwards day changes the Elliott wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. A slight new high above 2,116 is expected in the next few days now. Thereafter, the downwards trend should resume in force....
by Lara | Nov 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to end about 2,061. Price moved higher to reach 2,066.69 and turned downwards from there to complete a red doji. Summary: The trend is still down. Tomorrow’s target is 2,018. If this is wrong, it may not be low enough. Bear markets...
