by Lara | Jul 7, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for the main Elliott wave count, but it was noted that volume strongly suggested some more upwards movement for Thursday’s session. Summary: Downwards movement should continue from here with lower lows and lower highs. A mid term...
by Lara | Jul 6, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday’s session, but this is not what happened. Price remains below the invalidation point on the hourly Elliott wave chart. Summary: Downwards movement should continue from here with lower lows and lower highs. In the...
by Lara | Jul 2, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. Price moved higher to complete a small green daily candlestick. Summary: In the short term, price may move yet a little higher early next week. Upwards movement looks to be very weak though, so it may end...
by Lara | Jun 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Summary: In the short term, a bounce may arrive to move price higher Monday / Tuesday which if it is deep may end about 2,082. The mid term target for a third wave at minor degree is 2,000. The long term targets for primary wave 3 are...
by Lara | Jun 15, 2016 | S&P 500, S&P 500 + DJIA |
A small bounce began mostly as expected, but it did not begin with a final low first. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an...
by Lara | Jun 14, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was again expected for Tuesday but did not happen. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an opportunity to join the...
by Lara | Jun 6, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. The main Elliott wave count was invalidated with a new high above 2,111.05. Summary: There is still weakness to upwards movement; a pullback is still expected sooner rather than later. How low the next wave down goes and how strong it...
by Lara | May 31, 2016 | S&P 500, S&P 500 + DJIA |
The target at 2,099 was slightly overshot at the start of today’s session, but price then turned down to breach the channel on the hourly chart. So far price is behaving as expected and offering what looks like a perfect trade set up during today’s...
by Lara | May 26, 2016 | S&P 500, S&P 500 + DJIA |
A tiny red daily doji candlestick sits right on the trend line. Both hourly Elliott wave counts remain valid. Summary: Upwards movement is either over yesterday or it may end slightly higher tomorrow. A breach of the green channel on the hourly chart would provide...
