by Lara | Aug 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement is choppy and overlapping indicating a diagonal. Summary: A consolidation may be completing for intermediate wave (2). Price should move overall upwards before turning and moving lower for a few days to end below 2,159.07. Last monthly chart for the...
by Lara | Apr 7, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This is not what happened. Price remains above the invalidation point on the hourly chart. The Elliott wave count remains on track. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to...
by Lara | Mar 19, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. A short term target for Monday is 2,057. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short term, the...
by Lara | Feb 17, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected but did not happen. The alternate bear Elliott wave count is now switched to the preferred Elliott wave count. Summary: The outlook must change today after three days of upwards movement on increasing volume. Volume is still light, and...
by Lara | Feb 1, 2016 | S&P 500, S&P 500 + DJIA |
Higher prices were expected for Monday. Higher prices is what happened. Summary: The correction may now be complete, but this absolutely requires confirmation before any confidence may be had that the downwards trend is about to resume. A clear breach of the upwards...
by Lara | Jan 21, 2016 | S&P 500, S&P 500 + DJIA |
Price remains below the invalidation point on the preferred hourly chart, so that Elliott wave count still has a higher probability. Summary: The middle of a big third wave should be approaching. The wave count expects a further increase in momentum. This view has a...
by Lara | Dec 3, 2015 | S&P 500, S&P 500 + DJIA |
A new low below 2,066.69 invalidated the hourly Elliott wave counts. At that stage, a third wave down was expected to be in the early stages. Summary: A third wave has most likely begun. I cannot see a five down complete yet on the hourly chart, so more downwards...
by Lara | Nov 23, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A small range day moved price a little lower. This still fits the wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of this week or very early next week. A new high...
by Lara | Nov 10, 2015 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected but did not happen. Price moved mostly sideways in a small range to complete a green candlestick. Summary: More downwards movement is still expected. The first invalidation point on the hourly chart is very close by at 2,083.74....
