by Lara | Nov 14, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick fits the Elliott wave count nicely. The target may be met tomorrow. Summary: A correction down to about 2,120 and the lilac trend line is expected this week. Use this as an opportunity to join the trend for a third wave up. Volume strongly...
by Lara | Oct 24, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded as expected for Monday’s session. The main Elliott wave count today will have two hourly charts, a main and an alternate. Summary: A downwards day and a red daily candlestick are expected for tomorrow. The preferred target is at 2,145,...
by Lara | Oct 18, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday. Price made a higher high and a higher low, and the daily candlestick closed green but only just. Summary: Price should move lower for one or two days. This is supported by bearish divergence with price and RSI, inverted VIX...
by Lara | Oct 17, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. The short term target was at 2,128, but it was anticipated this may not be low enough. Price did move lower and below the target to reach down to 2,124.56 for Monday’s session. Summary: In the short term, two to a few...
by Lara | Sep 21, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected but did no happen. The session ended with some reasonable upwards movement. Summary: Volume suggests more upwards movement tomorrow. A new high above 2,171.25 would invalidate the alternate and provide some confirmation of the main wave...
by Lara | Sep 20, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis expected more sideways movement for Tuesday’s session. This is exactly what has happened. Summary: Sideways movement is most likely at this stage for a few days, a small pennant is forming. The breakout should be down. A new low below...
by Lara | Sep 3, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Friday, but it was not expected to move above 2,183.48. Summary: A little downwards movement to end above 2,157.09 is now expected to complete this consolidation, and it may end in just one day. Thereafter, it is expected...
by Lara | Sep 1, 2016 | S&P 500, S&P 500 + DJIA |
Overall downwards movement was again expected. Summary: Price may move a little higher tomorrow. There is divergence between price and VIX and the AD line suggests one or two days of upwards movement. Thereafter, some more downwards movement may be expected. Overall,...
by Lara | Aug 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday. A green candlestick was printed, but it was a small doji and did not make a new high. Price moved sideways. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,172. The...
