by Lara | Jul 24, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday the regular technical analysis supported the first Elliott wave count which expected more downwards movement. Summary: A new low below 2,044.02 would now provide a lot of confidence in the first wave count, the target would be at 1,983. A new all time high...
by Lara | Jul 20, 2015 | S&P 500, S&P 500 + DJIA
I have two Elliott wave counts for you today. Price will tell us this week which one is correct. Summary: A new low below 2,074.28 would provide some confidence in the first wave count, the target would be at 1,983. A new all time high above 2,134.72 would provide...
by Lara | Jul 14, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected, but to have confidence in that expectation a breach of a small channel on the hourly chart and a new low were required, but neither happened. Price moved higher. Summary: The channel on the hourly chart still needs to be breached to...
by Lara | Jul 8, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for the alternate Elliott wave count, but not the main. Price remains above the invalidation point on the main Elliott wave count and below the invalidation point on the alternate. Summary: There is now clearly a close more than 3% of...
by Lara | Jul 2, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but although price made a new high the day completed a red candlestick. Price remains above the invalidation point on the hourly chart. Summary: Upwards movement should continue overall for several days yet. A new high above 2,099.18...
by Lara | Jun 25, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was expected for Thursday to a short term target at 2,104. Price moved lower to reach 2.22 points below the target. Summary: A second wave correction may be complete. Friday should see a third wave up to 2,159. If price moves lower to begin...
by Lara | Jun 18, 2015 | S&P 500, S&P 500 + DJIA
The main bull Elliott wave count overall expects upwards movement, but a small second wave correction was expected to move price lower for Thursday’s session which did not happen. Summary: There is zero confirmation of a trend change from bull to bear. The main...
by Lara | Jun 12, 2015 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected by both the new Elliott wave count (presented in yesterday’s update) and the alternate. Summary: The new main wave count has a target at 2,161 which may be met in another five or ten days. The alternate requires a new low at least...
by Lara | Jun 5, 2015 | S&P 500, S&P 500 + DJIA
Downwards movement was not what was expected for the main bull Elliott wave count. The alternate is yet to be confirmed though. Summary: The main wave count must see upwards movement on Monday. The new target is at 2,152. The alternate expects price to continue to...
