by Lara | Jan 6, 2016 | S&P 500, S&P 500 + DJIA |
The preferred bear Elliott wave count is better supported by classic technical analysis. Summary: A downwards trend is still in place. The preferred bear wave count expects a big third wave is in the early stages. The final invalidation point is at 2,116.48. The...
by Lara | Dec 17, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a downwards trend should be assumed to remain in place while price remains below 2,093.84. We have another strong downwards day to complete another bearish engulfing candlestick pattern. This fits the Elliott wave count. Summary: A...
by Lara | Dec 14, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement is showing increased momentum as expected. I have a new bullish Elliott wave count. Summary: A third wave down is underway and the structure remains incomplete. I expect a further increase in downwards momentum. The target remains at 1,850. To see...
by Lara | Dec 7, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: This does not look like the start of a third wave down because volume is too light. What looks likely is today was part of a correction which may end with some upwards movement to end tomorrow above 2,093.84 but not above...
by Lara | Nov 28, 2015 | S&P 500, S&P 500 + DJIA |
With price moving mostly sideways in a very small range due to a public holiday and NY open only half a day, the wave count is unchanged. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of next week. A new...
by Lara | Nov 13, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected and ended at an expected line of support. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding, so expect any surprises to...
by Lara | Nov 4, 2015 | S&P 500, S&P 500 + DJIA |
The channel on the hourly chart is breached. Summary: Upwards movement is more likely now to be over. A new low below 2,058.84 would add full confidence that a new wave down has begun. If price moves to a new high tomorrow, the target for upwards movement to end is at...
by Lara | Oct 26, 2015 | S&P 500, S&P 500 + DJIA |
Sideways movement for a fourth wave was expected and this was exactly what happened for Monday’s session. Summary: A fourth wave triangle may have ended at the conclusion of Monday’s session, or it may yet continue sideways a little longer. When it is done...
by Lara | Oct 16, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement continued which favours the bear Elliott wave count short term. The correction may be almost over and now a target may be calculated for it in which I have more confidence. Summary: A zigzag upwards may be almost complete. A target for it to end is at...
