by Lara | Aug 9, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday’s session. Summary: It now looks likely that primary wave 3 has ended and primary wave 4 may be beginning. Some confidence in this view may be had if price makes a new low below 2,462.17. Primary wave 4 may be...
by Lara | Apr 4, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high. Summary: A little downwards movement may unfold for one to three sessions. Price should remain above 2,322.25. If...
by Lara | Jan 11, 2017 | S&P 500, S&P 500 + DJIA |
Although today’s daily candlestick closed green, it made a lower high and a lower low (which is the definition of downwards movement). This was expected for the Elliott wave count. The short term resistance line on the hourly chart neatly showed where upwards...