by Lara | Jul 2, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but although price made a new high the day completed a red candlestick. Price remains above the invalidation point on the hourly chart. Summary: Upwards movement should continue overall for several days yet. A new high above 2,099.18...
by Lara | Jun 25, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for Thursday to a short term target at 2,104. Price moved lower to reach 2.22 points below the target. Summary: A second wave correction may be complete. Friday should see a third wave up to 2,159. If price moves lower to begin...
by Lara | Jun 18, 2015 | S&P 500, S&P 500 + DJIA
The main bull Elliott wave count overall expects upwards movement, but a small second wave correction was expected to move price lower for Thursday’s session which did not happen. Summary: There is zero confirmation of a trend change from bull to bear. The main...
by Lara | Jun 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected by both the new Elliott wave count (presented in yesterday’s update) and the alternate. Summary: The new main wave count has a target at 2,161 which may be met in another five or ten days. The alternate requires a new low at least...
by Lara | Jun 5, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not what was expected for the main bull Elliott wave count. The alternate is yet to be confirmed though. Summary: The main wave count must see upwards movement on Monday. The new target is at 2,152. The alternate expects price to continue to...
by Lara | May 27, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected to complete a small fourth wave correction to about 2,107, a small green candlestick or doji was expected for Wednesday. This is not what happened. Price moved much higher than expected, breaching the invalidation point on the hourly...
by Lara | May 19, 2015 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement may now be over for the S&P. The Elliott wave structure is now complete, just short of the target at 2,135 to 2,137. Summary: Upwards movement may have ended on Tuesday slightly short of the target. A trend change, no matter what degree, still...
by Lara | Apr 2, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for the main Elliott wave count for Thursday. This is not what happened, but upwards movement remains below the invalidation point. Summary: The main wave count requires downwards movement when markets open to complete a five down on...
by Lara | Mar 24, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected, but it was allowed for that a fourth wave correction could continue sideways / lower, which is what happened. Summary: The target remains at 2,178 now calculated at two wave degrees. The upper blue 1-3 trend line should be overshot...