by Lara | Jul 20, 2013 | S&P 500, S&P 500 + DJIA
Price moved upwards for Friday’s session with slow momentum, which is what our wave count now expects. Not much has changed from last analysis. Click on the charts below to enlarge. This wave count agrees with MACD and has some nice Fibonacci ratios in price and...
by Lara | Jul 17, 2013 | S&P 500, S&P 500 + DJIA
We have probably seen a trend change at least for the short term. With price failing to break above 1,687.18 and turning just before this point both wave counts remain valid. They still have an even probability. Click on the charts below to enlarge. Main Wave Count....
by Lara | Jul 16, 2013 | S&P 500, S&P 500 + DJIA
Price has moved slightly higher on very low volume and with a decrease in momentum. Click on the charts below to enlarge. Main Wave Count. The widest maroon channel is copied over from the monthly chart and contains all of cycle wave b. It may be that price found...
by Lara | Jul 10, 2013 | US Oil
Last week’s analysis published charts only. Last week I expected the structure for a third wave upwards was incomplete. The short term target on the hourly chart was 105.52. Price has reached up so far to 0.76 short of the target. Click on the charts below to...
by Lara | Jul 7, 2013 | S&P 500, S&P 500 + DJIA |
Upwards movement breached the short term invalidation point on both hourly wave counts during Friday’s session. Price remains range bound. We need to see it break above 1,654.19 or below 1,560.33 to have clarity next week. Click on the charts below to enlarge....
by Lara | Jul 2, 2013 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected upwards movement to a short term target at 1,634 for both hourly wave counts, before expecting a short term trend change and downwards movement. Price did move higher to start Tuesday’s session but it fell well short of the...
by Lara | Jun 30, 2013 | S&P 500, S&P 500 + DJIA
Last analysis expected at least some upwards movement before price turned lower, for both wave counts. This is not what happened as price moved slowly lower during Friday’s session. Both wave counts remain the same at the daily chart level. The main wave count...
by Lara | Jun 26, 2013 | US Oil
Last analysis of US Oil was two weeks ago. It expected upwards movement to complete a second wave correction with a target at 98.36 and an invalidation point very close to that at 100.43. Price moved higher as expected to reach 99.21, just 0.85 above the target,...
by Lara | Jun 25, 2013 | S&P 500, S&P 500 + DJIA |
Further downwards movement has invalidated the labeling of the main wave count and confirmed the alternate daily wave count. This downwards movement clearly breaches any best fit channel containing intermediate wave (C) upwards and as a result the wave counts are now...
