by Lara | Oct 6, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement was expected and was how Monday’s session began. Thereafter, some downwards movement produced a red candlestick which fits the Elliott wave count nicely, so far. Summary: I expect to see a third wave up this week. Tomorrow should begin with a...
by Lara | Oct 3, 2014 | DJIA, S&P 500 + DJIA |
Click on charts to enlarge. Bullish Wave Count Bearish Wave Count
by Lara | Oct 3, 2014 | S&P 500, S&P 500 + DJIA
I had expected downwards movement for Friday, but price moved strongly higher to invalidate the hourly Elliott wave count. Summary: Minute wave iv is over. A clear morning doji star candlestick pattern at the low indicates minute wave v should begin here. The first...
by Lara | Oct 3, 2014 | S&P 500, S&P 500 + DJIA
The upper aqua blue trend line has been breached for the first time since June 2013. I have two Elliott wave counts for you today for each of the bullish and bearish scenarios. Summary: The short term outlook looks a little clearer today. Downwards movement should...
by Lara | Oct 2, 2014 | S&P 500, S&P 500 + DJIA
Downwards movement has brought price to touch the upper aqua blue trend line. Summary: The situation is unclear, but the main wave count still has the better overall look. Movement above 1,964.04 would provide price confirmation that minute wave iv is over and minute...
by Lara | Sep 29, 2014 | S&P 500, S&P 500 + DJIA |
A slight new low fitted the alternate hourly Elliot wave count and invalidated the main hourly Elliott wave count. Summary: I have more confidence today that the correction is over. I expect about two to four weeks of upwards movement to a target at 2,042. Click on...
by Lara | Sep 29, 2014 | S&P 500, S&P 500 + DJIA
Click on chart to enlarge. Alternate Wave Count It has been suggested that the S&P 500 may not be able to make new highs in the near future, because some technical indicators are predicting a big trend change and a reasonable drop at this point. I wanted to show...
by Lara | Sep 27, 2014 | S&P 500, S&P 500 + DJIA
I had expected more downwards movement for Friday’s session. This is not what happened. Upwards movement breached the invalidation point on the hourly Elliott wave chart. Summary: Movement above 1,999.79 would confirm that this correction is over and price...
by Lara | Sep 26, 2014 | S&P 500, S&P 500 + DJIA
Movement below 1,978.63 invalidated the main hourly wave count and confirmed the first alternate. The target then was at 1,968. Price reached down to 1,966.56. Summary: The structure is incomplete. I expect more downwards movement to a target at 1,953. Price should...
