by Lara | Feb 4, 2015 | S&P 500, S&P 500 + DJIA
A small correction was expected for the short term. This is exactly what happened. Summary: The trend is upwards and the breakout from this consolidation phase should come within the next one to three days. A third or C wave up may begin tomorrow. Alternatively, a...
by Lara | Jan 29, 2015 | S&P 500, S&P 500 + DJIA |
Price has still not confirmed either Elliott wave count, and they both remain valid. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed with a new low below 1,988.12. The alternate must see upwards movement from here,...
by Lara | Jan 23, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. The Elliott wave counts remain the same. Summary: More upwards movement is required in the short term. A new high above 2,124 would see the main bull wave count discarded in favour of the alternate. Click on...
by Lara | Jan 14, 2015 | S&P 500, S&P 500 + DJIA
The main Elliott wave count expected the S&P 500 to continue moving towards the downside. Even though the S&P 500 unfolded towards the downside, the downwards movement was longer than the main count expected and in the process the downwards movement...
by Lara | Nov 4, 2014 | S&P 500, S&P 500 + DJIA
The alternate bear Elliott wave count has been confirmed. I am changing the bull Elliott wave count to see the subdivisions in the same way. Summary: The target for this upwards movement to end is at 2,044. Click on charts to enlarge. Bearish Wave Count The weekly...
by Lara | Oct 23, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement was expected into a target zone of 1,952 – 1,982. Summary: It is likely that the upwards correction is complete and the next wave down has begun. This is either a third wave or a C wave. Initially a clear breach of the small channel on the...
by Lara | Oct 9, 2014 | S&P 500, S&P 500 + DJIA
Downwards movement below 1,926.03 was unexpected. This changes the wave count substantially. Summary: It is most likely that intermediate wave (1) or cycle wave b (for the bearish wave count) is over. In the short term I expect a five down to 1,918. Click on charts to...
by Lara | Oct 1, 2014 | S&P 500, S&P 500 + DJIA
Upwards movement made a new high. Thereafter, price turned down but remained above the invalidation point on the hourly chart. Summary: I still have some confidence that the correction is over. A new high above 1,986.37 would add further confidence. I expect about two...
by Lara | Sep 23, 2014 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Price moved lower exactly as expected for Tuesday’s session. Summary: The fourth wave correction looks like it is more likely a flat and may end tomorrow. The target for downwards movement is at 1,968. Alternatively, the correction could still be a triangle and...
