by Lara | Jun 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate, which was judged to have a very low (5%) probability. Summary: Divergence with price and VIX (inverted) supports a high in place today or very soon tomorrow. A third wave down...
by Lara | Apr 26, 2016 | S&P 500, S&P 500 + DJIA |
A very small range day to produce a small green doji sees both hourly Elliott wave counts remain valid. Price is squeezed between two trend lines. Summary: The possibility of new highs will remain while price remains above the support line / lower edge of the Elliott...
by Lara | Mar 21, 2016 | S&P 500, S&P 500 + DJIA |
Again, upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. Tomorrow may begin a small correction to last about one to three days which should remain above 2,018.91. Thereafter, the upwards trend should resume....
by Lara | Feb 19, 2016 | S&P 500, S&P 500 + DJIA |
It was expected that price may move a little lower for Friday. This is what happened. Summary: There will be two expectations for this bounce: either one more day up to find resistance at the upper cyan trend line, or three days up to about 1,987. When the bounce is...
by Lara | Feb 8, 2016 | S&P 500, S&P 500 + DJIA |
End of week analysis expected Monday to see strong downwards movement. This is exactly what happened. Summary: The trend is down and a strong third wave is building. Expect surprises to be to the downside. A small quick second wave correction may move price a little...
by Lara | Feb 2, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA
A breach of the channel on the hourly Elliott wave chart provides some confidence the bounce is over. Summary: There is earliest confirmation of a trend change today. The probability that the bounce is over has increased. Further confidence may be had with a new low...
by Lara | Jan 26, 2016 | S&P 500, S&P 500 + DJIA |
Analysis for the last few days has expected to see a consolidation. Price is moving sideways and is range bound. Volume is declining. This is exactly what was expected. Summary: This bounce is either another second wave correction or a fourth wave correction, and it...
