by Lara | Nov 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued past the target, which was at 2,199. Summary: A target for upwards movement to end is now at 2,206. The limit is at 2,213.03. A pullback is still expected to begin soon and to find support about 2,120 and the lilac trend line for a test of...
by Lara | Nov 17, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis again expected downwards movement. This is not what happened. The invalidation point on the hourly chart was breached by upwards movement. Summary: A downwards pullback is still expected to find support about 2,120 and the lilac trend line....
by Lara | Nov 15, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement, but this is not what happened. Price stopped barely short of the invalidation point. Summary: A correction down to about 2,120 and the lilac trend line is still expected this week. Use this as an opportunity to...
by Lara | Nov 14, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick fits the Elliott wave count nicely. The target may be met tomorrow. Summary: A correction down to about 2,120 and the lilac trend line is expected this week. Use this as an opportunity to join the trend for a third wave up. Volume strongly...
by Lara | Nov 2, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s main and alternate Elliott wave counts expected more downwards movement. This is what happened. The target for the main Elliott wave count remains the same. Summary: A green daily candlestick or a doji may unfold tomorrow as a fourth wave correction...
by Lara | Nov 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but this is not what happened. The main Elliott wave count was invalidated below 2,111.05 and the alternate Elliott wave count was confirmed. At that stage, only the alternate wave count remained. The target for that wave count remains...
by Lara | Oct 27, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for a green daily candlestick for Thursday’s session. The session had a higher high and a higher low, but closed red. Summary: There is conflicting evidence today from bullish divergence between price and VIX and the AD line, and a...
by Lara | Oct 24, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded as expected for Monday’s session. The main Elliott wave count today will have two hourly charts, a main and an alternate. Summary: A downwards day and a red daily candlestick are expected for tomorrow. The preferred target is at 2,145,...
by Lara | Oct 19, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday, but it did not happen. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. Some increase in volume today supports this idea. The...
