by Lara | Jul 13, 2016 | S&P 500, S&P 500 + DJIA |
Again, the two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jun 21, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day remains below the invalidation point on both Elliott Wave hourly charts. Summary: A correction was still most likely over at the last high two days ago. A short term target for the next wave down is 1,987. Trading advice (not intended for more...
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 | 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...
