by Lara | May 26, 2016 | S&P 500, S&P 500 + DJIA |
A tiny red daily doji candlestick sits right on the trend line. Both hourly Elliott wave counts remain valid. Summary: Upwards movement is either over yesterday or it may end slightly higher tomorrow. A breach of the green channel on the hourly chart would provide...
by Lara | May 11, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement for Wednesday’s session fits what was expected as most likely for the hourly Elliott wave count in last analysis. Summary: A five down on the daily chart is complete. The following upwards correction is more likely incomplete, so it is more...
by Lara | May 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Tuesday’s session but did not happen. Upwards movement invalidated the hourly Elliott wave count, but the daily Elliott wave count remains on track. Summary: A five down on the daily chart for minor 1 is complete. Minor 2...
by Lara | May 9, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Monday to a target at 2,063. Price moved higher, to 2,064.15. Summary: Downwards movement may produce a red candlestick for Tuesday towards a target at 2,031. This is expected to be a fifth wave of the first impulse down...
by Lara | Mar 1, 2016 | S&P 500, S&P 500 + DJIA |
The alternate Elliott wave count allowing for more upwards movement was confirmed with a new high. Summary: The bounce is continuing higher as a double zigzag. The target for it to end is 2,004. If it ends tomorrow, it would total a Fibonacci 13 daily candlesticks....
by Lara | Feb 29, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected as most likely. This is what happened. However, downwards movement has not yet passed the confirmation point below which confidence may be had in the Elliott wave count. Summary: More downwards movement is still most likely from here,...
by Lara | Jan 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was allowed for as one possibility within this bounce. Overall, this bounce is unfolding as expected. Summary: The bounce looks like a second wave double zigzag which is almost complete. If it ends with one more upwards day on Monday, it would total a...
