by Lara | May 25, 2016 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line. Price has stopped for the session right at the trend line. Summary: Upwards movement is either over today or it may end slightly higher tomorrow. A breach of the green...
by Lara | May 18, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the main Elliott wave count again yesterday, which is exactly what happened. Upwards movement during the session was also expected for a second wave bounce. Summary: The main wave count expects to see downwards movement accelerate...
by Lara | May 14, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday, which is what happened. Summary: Volume and On Balance Volume indicate that a bounce up may unfold for Monday / Tuesday next week as per the main hourly wave count. If price gets up that high, look for strong resistance at...
by Lara | May 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected as most likely for Thursday’s session. Price moved lower but not conclusively; a red doji candlestick was printed. The situation short term remains unclear. The Elliott wave count mid / long term still looks right. Summary: It is...
by Lara | May 9, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Monday to a target at 2,063. Price moved higher, to 2,064.15. Summary: Downwards movement may produce a red candlestick for Tuesday towards a target at 2,031. This is expected to be a fifth wave of the first impulse down...
by Lara | May 5, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected. A small red doji fits the expecatation for the session. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and it is supported by technical...
by Lara | Apr 30, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected downwards movement for Friday to a target at 2,046. Downwards movement unfolded as expected, but fell 6.28 points short of the target. Summary: The probability that the upwards wave is over and the next wave down has begun is very...
by Lara | Apr 21, 2016 | S&P 500, S&P 500 + DJIA |
There are two hourly Elliott wave counts with very important differences. The alternate is entirely possible and outlines confirmation points and trend channels. Summary: It is possible that a high is in place, but we should always assume the trend remains the same...
by Lara | Apr 18, 2016 | S&P 500, S&P 500 + DJIA |
Overall upwards movement was expected for Monday’s session from the main Elliott wave count. This is what happened. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with a target just above 2,116.48. It may end...
