by Lara | May 28, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: The next move for the S&P may be a strong third wave down to a short term target about 2,069. Changes to last analysis are italicised. To see a weekly chart and how to draw trend lines go here. Bull Wave Count Click chart...
by Lara | May 20, 2015 | S&P 500, S&P 500 + DJIA
Again upwards movement may be over, but confirmation is required. Summary: Again the structure of this contracting diagonal is complete. A breach of the channel on the hourly chart is absolutely required for confidence in a trend change at least at minute degree....
by Lara | May 14, 2015 | S&P 500, S&P 500 + DJIA
Yesterday’s Elliott wave analysis expected it was more likely for a third wave up to begin on Thursday which is exactly what happened. Summary: Overall upwards movement should continue until the upper pink i-iii trend line of the diagonal is overshot. The target...
by Lara | Apr 11, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement continued, but remains below the invalidation point. Last Elliott wave analysis expected downwards movement to begin. Summary: The S&P remains within a consolidation phase. I still expect the breakout, when it comes, should be downwards. I expect...
by Lara | Apr 6, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement confirmed the alternate hourly Elliott wave count which was judged to have about an even probability with the main Elliott wave count. Summary: In the short term a second wave correction may end about 2,092 tomorrow. Thereafter, downwards movement...
by Lara | Mar 26, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement favours the alternate Elliott wave count over the main Elliott wave count. Summary: Thursday’s candlestick overshoots but does not breach the lower 2-4 trend line. If tomorrow’s candlestick remains below and not touching that trend line,...
by Lara | Mar 19, 2015 | S&P 500, S&P 500 + DJIA
More upwards movement was expected, but I had not expected to see a red candlestick for another one or two days. Downwards movement remains above the invalidation point. Summary: The mid term target remains the same at 2,178 for primary wave 3 (or cycle wave b for the...
by Lara | Mar 10, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the alternate and not the main Elliott wave count. Summary: The main and alternate wave counts both require a little more downwards movement in the short term. If the lower blue 2-4 trend line on the daily bull chart provides...
by Lara | Jan 27, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. The session did begin with downwards movement, but that was retraced to complete a green candlestick. Summary: The main wave count requires downwards movement from here. A new low below 1,988.12 would confirm the main count...
