by Lara | Jun 29, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement broke above 2,050.37 indicating price should continue higher to 2,067. Upwards movement reached 2,073.13 for the session. Summary: In the short term, a correction looks to be complete. A third wave down should begin very soon, most likely tomorrow....
by Lara | Jun 28, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded for the session exactly as expected, ending almost at the target which was at 2,038.15. Summary: In the short term, some sideways movement is most likely to complete a fourth wave correction for another two or four days, with two more likely....
by Lara | Jun 27, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was expected short term for Monday / Tuesday but did not turn up on Monday. The mid term target at 2,000 was met and exceeded by 8.32 points. Summary: In the short term, it looks very likely today (more so than the end of last week) that a multi day bounce...
by Lara | Jun 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: In the short term, a bounce may arrive to move price higher Monday / Tuesday which if it is deep may end about 2,082. The mid term target for a third wave at minor degree is 2,000. The long term targets for primary wave 3 are...
by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Summary: Bottom line: a new low below 2,050.37 would confirm an end to a bear market rally and a primary degree third wave down. Before that happens price may move higher all the way up to the all time high at 2,134.72, but not above if...
by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Another small range day moved price lower, which the main Elliott wave count expected, but today classic technical analysis strongly suggests the price direction for tomorrow and so a new hourly chart is published today. Summary: VIX today strongly suggests higher...
by Lara | Jun 14, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was again expected for Tuesday but did not happen. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an opportunity to join the...
by Lara | Jun 13, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was expected for Monday but did not happen. Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term. Summary: A bounce for a second wave correction is still expected on...
by Lara | Jun 11, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement unfolded as expected for Friday’s session. Summary: In the short term, a bounce up on Monday looks likely, which may end about 2,109. If it is very deep, it may end when price finds resistance at the lower edge of the blue channel on the...
