by Lara | Jan 4, 2016 | S&P 500, S&P 500 + DJIA |
There are three possibilities for downwards movement from the last major swing high of 3rd November. I have three daily charts looking at three possibilities. Summary: A downwards trend is still in place. The preferred bear wave count expects a big third wave is in...
by Lara | Dec 10, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement fits the scenario presented for the preferred hourly bear Elliott wave count. Summary: A third wave down is most likely in the early stages. The target is 1,997 for the short term. The trend is down. Use resistance lines to show where corrections...
by Lara | Dec 1, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement followed by a short upwards thrust was expected. This is somewhat what happened, but the Elliott wave triangle was invalidated. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of this...
by Lara | Nov 24, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A green candlestick completed and price remains above the invalidation point on the hourly chart. Some downwards movement during the session was allowed for. Summary: The trend is still down, but a bear market rally continues and is not...
by Lara | Nov 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to end about 2,061. Price moved higher to reach 2,066.69 and turned downwards from there to complete a red doji. Summary: The trend is still down. Tomorrow’s target is 2,018. If this is wrong, it may not be low enough. Bear markets...
by Lara | Oct 29, 2015 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected. Price moved slightly higher and mostly sideways to complete very small green doji. Summary: The final target now calculated at two wave degrees is 2,107. This may be met tomorrow, and it may end the bear market rally. To see how...
by Lara | Oct 20, 2015 | S&P 500, S&P 500 + DJIA |
A channel breach indicates the zigzag is complete. Targets may now be calculated for the next wave. Summary: Both wave counts now expect downwards movement for at least a few days. The target for the bear wave count is 1,778. The bull wave count may see a zigzag down...
by Lara | Aug 15, 2015 | S&P 500, S&P 500 + DJIA |
Friday’s session remained within the range of the prior day. Summary: The analysis remains exactly the same. The first wave count is looking slightly more likely at this stage, but is unconfirmed. It now expects very strong downwards movement, which must unfold...
by Lara | Aug 10, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday. Summary: The first wave count expects upwards movement to end at 2,119 when price touches the upper edge of the channel on the hourly chart. The second wave count expects an upwards trend has resumed to new all time highs. A...
