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...
