by Lara | Jul 18, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement continued, which was not expected for the main Elliott wave count. However, price has remained below the invalidation point, but is now slightly breaching the upper trend line which was expected to provide resistance. Summary: The main wave count...
by Lara | Jul 13, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement for Monday was 2,097. Price moved higher, as expected, to reach 3.67 points above the target. Summary: The downwards trend should resume this week, most likely tomorrow. The target for a third wave down is at 1,982. To see a weekly...
by Lara | Jul 7, 2015 | S&P 500, S&P 500 + DJIA
Upwards movement was expected. Although Tuesday completed a green candlestick, downwards movement during the day breached the invalidation point on the hourly chart. Summary: A new high above 2,129.87 would confirm the main wave count. A new low below 2,022.07 is...
by Lara | Jul 1, 2015 | S&P 500, S&P 500 + DJIA |
The Elliott wave count expected downwards movement, but this is not what happened. Summary: Upwards movement should continue overall for several days yet. A new high above 2,099.18 would confirm the main wave count. A new low below 2,022.07 is required for initial...
by Lara | Jun 24, 2015 | S&P 500, S&P 500 + DJIA
A breach of the channel on yesterday’s first hourly Elliott wave count indicated the second count, which expected downwards movement, was more likely. Summary: A second wave correction may end about 2,104. When the correction is done, a third wave up should show...
by Lara | Jun 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement again favours the bull Elliott wave count. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count will therefore expect to see a continuation of the upwards trend; the target remains the same at 2,185, and it may...
by Lara | Jun 11, 2015 | S&P 500, S&P 500 + DJIA
A little more upwards movement has reduced the probability of the alternate Elliott wave count. Summary: The main wave count expects a third wave up and requires confirmation with a new high above 2,134.72. The alternate expects a primary degree trend to remain down...
by Lara | Jun 9, 2015 | S&P 500, S&P 500 + DJIA |
Further downwards movement fits the alternate Elliott wave count better than the main Elliott wave count, but price has not yet confirmed one and invalidated the other. Summary: The main wave count has again further reduced in probability, but the alternate still...
by Lara | Jun 1, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Monday did complete a small green candlestick, but a new low of 2 points began the session. This small downwards movement has remained above the invalidation point on the hourly chart. Summary: I expect now one more upwards wave to...
