by Lara | Feb 18, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday expected to see short term sideways / downwards movement for the hourly charts. This is what happened. Summary: The bear market rally still looks to be incomplete. Price may move a little lower tomorrow to find support at the lower cyan trend line. However,...
by Lara | Jan 23, 2016 | S&P 500, S&P 500 + DJIA |
A new high above 1,901.10 invalidated the main hourly Elliott wave count and confirmed the alternate. Summary: A deeper and longer bounce is in the early stages. It may end about 1,915 or 1,978. It should continue next week. The larger trend remains down. To see how...
by Lara | Jan 7, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement continues as expected towards targets. Summary: A downwards trend is still in place. The preferred bear wave count expects a big third wave is now close to the middle. The target for the next short term interruption to the trend is at 1,919. The...
by Lara | Dec 15, 2015 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement continues to show increased momentum as expected. Summary: A third wave down is underway and the structure remains incomplete. I expect a further increase in downwards momentum. The target remains at 1,850, with the short term target now at 1,934....
by Lara | Dec 5, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected but did not happen. The channel breach in the first hour of Friday’s session indicated a second wave correction had most likely arrived earlier than expected. Summary: A third wave down may begin on Monday. The short term target...
by Lara | Nov 25, 2015 | S&P 500, S&P 500 + DJIA |
A small inside day completes a doji candlestick, which fits the Elliott wave count. Summary: The trend is still down, but a bear market rally continues and is not done yet. It may end at the end of next week. A new high above 2,116 is expected. The target for this...
by Lara | Nov 11, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement invalidated the hourly Elliott wave count. Summary: A new low below 2,050.09 would provide confidence in the expectation that a third wave down is underway. Short term, while price remains above 2,050.09, it is possible that a second wave correction...
by Lara | Nov 2, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected, but this was not what happened. Price moved higher and remains below the invalidation point for the bear wave count. Summary: The target is again 2,107 for upwards movement to end. Only when the channel on the hourly chart is clearly...
by Lara | Oct 24, 2015 | S&P 500, S&P 500 + DJIA |
The target for upwards movement was 2,065 or 2,080. Price moved higher as expected for Friday to reach 2,079.74. Summary: A little more upwards movement to 2,082 would complete the structure. A fourth wave correction may unfold sideways first, and so the target may be...
