by Lara | Oct 22, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was unexpected and invalidated the wave count at the hourly chart level. Summary: The structure upwards is either an incomplete double or single zigzag. The target for it to end is 2,065 or 2,080. To see how each of the bull and bear wave counts fit...
by Lara | Aug 17, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement fits both Elliott wave counts. Summary: The first wave count should see strong downwards movement this week towards the target at 2,002. The second wave count expects upwards movement to continue, but this is not currently supported by volume. A new...
by Lara | Aug 11, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Tuesday, but the invalidation point allowed for a second wave correction. Summary: The first wave count expects upwards movement still to not end until a new high above 2,114.24, to a target at 2,119. The second wave count...
by Lara | Aug 5, 2015 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: The first wave count still expects a little more upwards movement to a target at 2,119. The second wave count expects the upwards trend to continue. If price...
by Lara | Jul 29, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s Elliott wave analysis allowed for the possibility for upwards movement to continue. Summary: A new low below 2,076.11 would be earliest price confirmation that upwards movement is over, and downwards momentum may then be expected to build. A new high...
by Lara | Jul 23, 2015 | S&P 500, S&P 500 + DJIA |
Price continued to move lower. Summary: A new low below 2,044.02 now would provide a lot of confidence in the first wave count, the target would be at 1,983. A new all time high above 2,134.72 would provide full confidence in the second wave count which expects new...
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...
