by Lara | May 31, 2016 | S&P 500, S&P 500 + DJIA |
The target at 2,099 was slightly overshot at the start of today’s session, but price then turned down to breach the channel on the hourly chart. So far price is behaving as expected and offering what looks like a perfect trade set up during today’s...
by Lara | May 14, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday, which is what happened. Summary: Volume and On Balance Volume indicate that a bounce up may unfold for Monday / Tuesday next week as per the main hourly wave count. If price gets up that high, look for strong resistance at...
by Lara | May 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected as most likely for Thursday’s session. Price moved lower but not conclusively; a red doji candlestick was printed. The situation short term remains unclear. The Elliott wave count mid / long term still looks right. Summary: It is...
by Lara | Apr 21, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower as both hourly Elliott wave counts expected. At the close of the session, both hourly Elliott wave counts remain valid. Summary: It is possible that a high is in place, but we should always assume the trend remains the same until proven otherwise....
by Lara | Apr 4, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected but did not happen. 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. A short...
by Lara | Mar 3, 2016 | S&P 500, S&P 500 + DJIA |
Price moved higher as expected, closer to the target. Summary: The bounce is continuing higher as a double or single zigzag. The target for it to end is 2,002 or 2,004. At this stage, earliest confirmation that the bounce is over would come with a new low below...
by Lara | Mar 2, 2016 | S&P 500, S&P 500 + DJIA |
The bounce continued higher towards the target as expected. Summary: The bounce is continuing higher as a double or single zigzag. The target for it to end is 2,002 or 2,004. Confirmation the correction is over will first come with a clear breach of the channel...
by Lara | Mar 1, 2016 | S&P 500, S&P 500 + DJIA |
The alternate Elliott wave count allowing for more upwards movement was confirmed with a new high. Summary: The bounce is continuing higher as a double zigzag. The target for it to end is 2,004. If it ends tomorrow, it would total a Fibonacci 13 daily candlesticks....
by Lara | Jan 12, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis warned that the S&P may bounce, which is what happened. Summary: More upwards movement is most likely, which may last about two weeks and end above 2,027. This outlook would be confirmed with a new high above 1,947.38 and a breach of...
