by Lara | Jul 14, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected, but to have confidence in that expectation a breach of a small channel on the hourly chart and a new low were required, but neither happened. Price moved higher. Summary: The channel on the hourly chart still needs to be breached to...
by Lara | Jul 13, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement for Monday was 2,097. Price moved higher, as expected, to reach 3.67 points above the target. Summary: The downwards trend should resume this week, most likely tomorrow. The target for a third wave down is at 1,982. To see a weekly...
by Lara | Jul 10, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for Friday, but it did not happen. Upwards movement remains below the invalidation point and within the recent zone of resistance. Summary: Monday is highly likely to see some upwards movement, at least a little above 2,085.06, with the...
by Lara | Jul 8, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the alternate Elliott wave count, but not the main. Price remains above the invalidation point on the main Elliott wave count and below the invalidation point on the alternate. Summary: There is now clearly a close more than 3% of...
by Lara | Jul 7, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected. Although Tuesday completed a green candlestick, downwards movement during the day breached the invalidation point on the hourly chart. Summary: A new high above 2,129.87 would confirm the main wave count. A new low below 2,022.07 is...
by Lara | Jul 6, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but did not happen. Price remains above the invalidation point on the hourly chart and has found support at the lower diagonal trend line on the daily chart. Summary: Upwards movement should continue overall for several days yet. A new...
by Lara | Jul 2, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but although price made a new high the day completed a red candlestick. Price remains above the invalidation point on the hourly chart. Summary: Upwards movement should continue overall for several days yet. A new high above 2,099.18...
by Lara | Jul 1, 2015 | S&P 500, S&P 500 + DJIA |
The Elliott wave count expected downwards movement, but this is not what happened. Summary: Upwards movement should continue overall for several days yet. A new high above 2,099.18 would confirm the main wave count. A new low below 2,022.07 is required for initial...
by Lara | Jun 30, 2015 | Public Analysis, S&P 500, S&P 500 + DJIA |
The wave count expected downwards movement. Although a slight new low was made, the day completed a green candlestick. Summary: We should always assume the trend remains the same until proven otherwise. I have a new wave count. The new wave count expects the ending...
