by Lara | Oct 15, 2015 | S&P 500, S&P 500 + DJIA |
Some upwards movement was expected for Thursday, but a little more downwards movement to 1,986 – 1,984 was expected first which did not happen. Summary: The S&P remains within a consolidation; the Elliott wave count has the consolidation as either a fourth...
by Lara | Aug 24, 2015 | S&P 500, S&P 500 + DJIA |
A small bounce completed a small fourth wave correction while price moved lower. The wave count is unfolding mostly as expected, but targets continue to be inadequate. Summary: A target for this third wave to end is at 1,840 which may be met tomorrow. The following...
by Lara | Aug 12, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday, but did not happen. Summary: The first wave count now expects downwards movement to continue for a third wave to end at 2,002. Before this gets underway though, there is the very real possibility that a second wave...
by Lara | Aug 6, 2015 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected, but did not happen. Summary: For the short term, both wave counts expect downwards movement to 2,070 – 2,069 to be followed by upwards movement to at least above 2,114.24. How high the next wave goes may tell which wave...
by Lara | Jul 30, 2015 | S&P 500, S&P 500 + DJIA |
A sideways day which did not manage to make a new high fits both Elliott wave counts. Summary: A new low now below 2,063.52 would be earliest price confirmation that upwards movement is over, and downwards momentum may then be expected to build. A new high above...
by Lara | Jul 24, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday the regular technical analysis supported the first Elliott wave count which expected more downwards movement. Summary: A new low below 2,044.02 would now provide a lot of confidence in the first wave count, the target would be at 1,983. A new all time high...
by Lara | Jul 20, 2015 | S&P 500, S&P 500 + DJIA
I have two Elliott wave counts for you today. Price will tell us this week which one is correct. Summary: A new low below 2,074.28 would provide some confidence in the first wave count, the target would be at 1,983. A new all time high above 2,134.72 would provide...
by Lara | Jul 14, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected, but to have confidence in that expectation a breach of a small channel on the hourly chart and a new low were required, but neither happened. Price moved higher. Summary: The channel on the hourly chart still needs to be breached to...
by Lara | Jul 8, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the alternate Elliott wave count, but not the main. Price remains above the invalidation point on the main Elliott wave count and below the invalidation point on the alternate. Summary: There is now clearly a close more than 3% of...