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...
by Lara | Sep 16, 2014 | S&P 500, S&P 500 + DJIA
Both the main and alternate hourly Elliott wave counts in last analysis expected more downwards movement for Monday. We have a new low and a red candlestick. Summary: Tomorrow I expect more downwards movement to a short term target at 1,975. Thereafter, we may see...
by Lara | Aug 24, 2014 | S&P 500, S&P 500 + DJIA
Price moved lower during Friday’s session to complete a very small red candlestick. This was one of the two fourth wave corrections I was expecting, which turned a few days earlier than expected. Summary: I expect the resumption of the upwards trend on Monday....
by Lara | Jun 30, 2014 | S&P 500, S&P 500 + DJIA |
Last Elliott wave count expected downwards movement. We do have a tiny red doji candlestick, but price remains above the confidence point. Summary: The downwards structure is giving cause for concern. I want to see price break below 1,925.78 to have any confidence in...
by Lara | Jun 16, 2014 | S&P 500, S&P 500 + DJIA
Last Elliott wave analysis had expected downwards movement for Monday’s session. This is not what happened and price moved higher. Upwards movement fell short of the invalidation point and so the wave count remains valid. Summary: In the short term I expect more...