by Lara | Jul 17, 2013 | S&P 500, S&P 500 + DJIA
We have probably seen a trend change at least for the short term. With price failing to break above 1,687.18 and turning just before this point both wave counts remain valid. They still have an even probability. Click on the charts below to enlarge. Main Wave Count....
by Lara | Jul 16, 2013 | S&P 500, S&P 500 + DJIA
Price has moved slightly higher on very low volume and with a decrease in momentum. Click on the charts below to enlarge. Main Wave Count. The widest maroon channel is copied over from the monthly chart and contains all of cycle wave b. It may be that price found...
by Lara | Jul 13, 2013 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected by the alternate wave count. Price is now closer to the invalidation point for the main wave count and both wave counts remain valid. The main and alternate wave counts have an even probability. We need to see price break above...
by Lara | Jul 7, 2013 | S&P 500, S&P 500 + DJIA |
Upwards movement breached the short term invalidation point on both hourly wave counts during Friday’s session. Price remains range bound. We need to see it break above 1,654.19 or below 1,560.33 to have clarity next week. Click on the charts below to enlarge....
by Lara | Jul 2, 2013 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected upwards movement to a short term target at 1,634 for both hourly wave counts, before expecting a short term trend change and downwards movement. Price did move higher to start Tuesday’s session but it fell well short of the...
by Lara | Jun 30, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected at least some upwards movement before price turned lower, for both wave counts. This is not what happened as price moved slowly lower during Friday’s session. Both wave counts remain the same at the daily chart level. The main wave count...
by Lara | Jun 25, 2013 | S&P 500, S&P 500 + DJIA |
The main wave count from last analysis expected downwards movement, but allowed for the possibility that a small second wave correction could move higher. Price moved higher during the Tuesday’s session and has remained below the invalidation point on the hourly...
by Lara | Jun 25, 2013 | S&P 500, S&P 500 + DJIA |
Further downwards movement has invalidated the labeling of the main wave count and confirmed the alternate daily wave count. This downwards movement clearly breaches any best fit channel containing intermediate wave (C) upwards and as a result the wave counts are now...
by Lara | Jun 23, 2013 | S&P 500, S&P 500 + DJIA |
Price moved mostly sideways during Friday’s session, managing to stay just above the invalidation point on the daily chart. I still have two wave counts for you. While price remains within the range of our confidence / invalidation points both wave counts will...
