by Lara | Dec 15, 2016 | S&P 500, S&P 500 + DJIA |
A green daily candlestick has unfolded exactly as expected for Thursday’s session. Summary: A consolidation has begun and is likely to continue for a few more days with choppy overlapping sideways movement. Tomorrow may begin with some upwards movement to end...
by Lara | Dec 14, 2016 | S&P 500, S&P 500 + DJIA |
A breach of the channel on the hourly Elliott wave chart and a new low below 2,252.37 indicate a correction has begun. Summary: Although the alternate is labeled as such, it may have a higher probability than the main. A pullback has begun and is likely to continue...
by Lara | Nov 21, 2016 | S&P 500, S&P 500 + DJIA |
A new all time high indicates the S&P is still in a bull market. Dow Theory has confirmation. Summary: A pullback is still expected here or very soon indeed. It should begin this week. The target is still about 2,120 and the lilac trend line. Last monthly chart...
by Lara | Oct 31, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day printed a small red doji candlestick. The Elliott wave counts remain the same. Some divergence today is noted between price and the AD line, and between price and VIX. This may assist to indicate the direction for tomorrow. Summary: Upwards movement...
by Lara | Oct 5, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement breached the invalidation point on the hourly chart, which was very close by at 2,154.77. The short term structure is changed. Summary: Sideways movement for another few days may complete a triangle, which should break out downwards for a short sharp...
by Lara | Sep 27, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. This is what happened. Summary: The next two or three sessions may be very choppy and overlapping. Support from volume suggests overall upwards movement tomorrow. The target for the mid term remains at 2,233....
by Lara | Sep 26, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday’s session to about 2,155. Monday did move price lower, but it was more than expected closing at 2,146. Summary: One to three days of choppy overlapping upwards movement is expected to end about 2,166. Thereafter, one to...
by Lara | Sep 8, 2016 | S&P 500, S&P 500 + DJIA |
More sideways movement for Thursday’s session fits the main hourly Elliott wave count. Summary: One more day of overall downwards movement to 2,168 but not below 2,157.09 is now expected to complete this consolidation, which began back on 14th of July....
by Lara | Aug 18, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. A new high and a small green daily candlestick fits the expectations nicely. On Balance Volume is giving a strong signal today. Summary: The trend remains the same, until proven otherwise. Assume the trend is...
