by Lara | Dec 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the second hourly Elliott wave count. Summary: Another small pennant pattern may be over, the target would be about 2,350 (measured rule) or 2,473 (Elliott wave). However, indicators are sounding strong notes of caution here: ADX is...
by Lara | Nov 25, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued, fitting the alternate hourly Elliott wave count better than the main Elliott wave count. The target remains the same. Summary: While upwards movement continues, the next target is at 2,227. A new low below 2,182.30 would indicate the...
by Lara | Nov 5, 2016 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for Friday’s session. Friday made a slightly lower low and a lower high. Summary: Downwards movement is showing signs of weakness. With price and On Balance Volume at support, not much more downwards movement is expected. The...
by Lara | Oct 3, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement has unfolded exactly as expected so far for Monday’s session. The target for the main Elliott wave count remains the same. Summary: One more day of downwards movement to 2,137 is expected. Thereafter, price should turn up to make a new high...
by Lara | Sep 13, 2016 | S&P 500, S&P 500 + DJIA |
Price remains within the confirmation / invalidation points and so both Elliott wave counts remain valid. Summary: Classic technical analysis today favours the alternate Elliott wave count. A new low below 2,111.05 would confirm the alternate. Price should then...
by Lara | Aug 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement invalidated the hourly Elliott wave count when price crossed the near by invalidation point. The daily Elliott wave count remains valid. Summary: A new high above 2,193.42 would indicate a third wave up is underway, target 2,230. A new alternate...
by Lara | Aug 2, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected before downwards movement, but this is not what happened. Price moved lower earlier than expected. Summary: The wave counts diverge strongly today. The main wave count requires confirmation with a new high above 2,178.29; if that...
by Lara | Apr 10, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected and how the session began. Thereafter, downwards movement remained above the invalidation point on the hourly chart. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the...
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,...
