by Lara | Oct 18, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday. Price made a higher high and a higher low, and the daily candlestick closed green but only just. Summary: Price should move lower for one or two days. This is supported by bearish divergence with price and RSI, inverted VIX...
by Lara | Oct 17, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. The short term target was at 2,128, but it was anticipated this may not be low enough. Price did move lower and below the target to reach down to 2,124.56 for Monday’s session. Summary: In the short term, two to a few...
by Lara | Oct 10, 2016 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Monday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: A red daily candlestick may unfold tomorrow within the sideways triangle, which continues. When sideways movement is...
by Lara | Oct 8, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Friday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: In the short term, Monday may print a green daily candlestick, or possibly a doji. Overall sideways movement Monday may...
by Lara | Oct 6, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected for Thursday’s session, which is essentially what has happened. Summary: In the short term, tomorrow may print a red daily candlestick. Overall sideways movement for tomorrow and the day after may complete a triangle, which should...
by Lara | Oct 5, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected that Tuesday’s session would move price lower, and it has. But the target has not yet been reached. This wave down may not exhibit a Fibonacci duration in terms of how many days it lasts. The target remains the same. Summary:...
by Lara | Sep 24, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday’s session and is exactly what happened. Summary: One more day of downwards movement to about 2,155 may be expected. Thereafter, price should move higher. It is possible that in the next one to few weeks this market may...
by Lara | Sep 21, 2016 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected but did no happen. The session ended with some reasonable upwards movement. Summary: Volume suggests more upwards movement tomorrow. A new high above 2,171.25 would invalidate the alternate and provide some confirmation of the main wave...
by Lara | Sep 20, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis expected more sideways movement for Tuesday’s session. This is exactly what has happened. Summary: Sideways movement is most likely at this stage for a few days, a small pennant is forming. The breakout should be down. A new low below...
