by Lara | Mar 3, 2016 | S&P 500, S&P 500 + DJIA |
Price moved higher as expected, closer to the target. Summary: The bounce is continuing higher as a double or single zigzag. The target for it to end is 2,002 or 2,004. At this stage, earliest confirmation that the bounce is over would come with a new low below...
by Lara | Feb 29, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was expected as most likely. This is what happened. However, downwards movement has not yet passed the confirmation point below which confidence may be had in the Elliott wave count. Summary: More downwards movement is still most likely from here,...
by Lara | Feb 27, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected as most likely, but an end to the bounce was unconfirmed. Price moved slightly higher before turning down to complete a small red candlestick. Summary: Upwards movement is still more likely over than not, but this is unconfirmed. A new...
by Lara | Feb 25, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. An alternate Elliott wave count allowed for some more upwards movement. Summary: Upwards movement is still more likely over than not, but this is unconfirmed. A new low below 1,891 and below the channel on the hourly chart would...
by Lara | Feb 19, 2016 | S&P 500, S&P 500 + DJIA |
It was expected that price may move a little lower for Friday. This is what happened. Summary: There will be two expectations for this bounce: either one more day up to find resistance at the upper cyan trend line, or three days up to about 1,987. When the bounce is...
by Lara | Feb 3, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 1,872.7 provides more confidence in the hourly Elliott wave counts. Summary: Final confidence in the resumption of the downwards trend would come with a breakout of the current consolidation, which has its lower limit about 1,870, on a downwards day...
by Lara | Feb 2, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA
A breach of the channel on the hourly Elliott wave chart provides some confidence the bounce is over. Summary: There is earliest confirmation of a trend change today. The probability that the bounce is over has increased. Further confidence may be had with a new low...
by Lara | Jan 26, 2016 | S&P 500, S&P 500 + DJIA |
Analysis for the last few days has expected to see a consolidation. Price is moving sideways and is range bound. Volume is declining. This is exactly what was expected. Summary: This bounce is either another second wave correction or a fourth wave correction, and it...
by Lara | Jan 12, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis warned that the S&P may bounce, which is what happened. Summary: More upwards movement is most likely, which may last about two weeks and end above 2,027. This outlook would be confirmed with a new high above 1,947.38 and a breach of...
