by Lara | Jul 18, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis of the S&P 500 had two hourly wave counts which diverged and price was very close to the confirmation / invalidation point. With price movement above 1,374.81 the main hourly wave count was invalidated and the alternate hourly wave count was...
by Lara | Jul 18, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement for Tuesday’s session from both my main and alternate hourly wave counts. The preferred target on the main hourly wave count was 1,364. Price reached 1,365.36, just 1.36 points above the target. I still have two hourly...
by Lara | Jul 17, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected the S&P 500 to move lower at the beginning of Monday’s session which is exactly what has happened. I still have one daily wave count and two hourly wave counts. We may use the parallel channel on the daily chart, and the confirmation...
by Lara | Jul 15, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected downwards movement to a target of 1,320 – 1,317 before the beginning of a deeper more long lasting upwards movement. Downwards movement did not occur and upwards movement quickly broke the channel indicating a more long lasting upwards...
by Lara | Jul 13, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected the S&P 500 to move higher to begin Thursday’s session, and thereafter to turn downwards. Price did not move higher as expected, but downwards movement remains comfortably above the invalidation point. With the current structure not...
by Lara | Jul 12, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement from the S&P 500. Price has closed higher, but moved to make a new low at the beginning of the session. Overall this is what was expected and both hourly wave counts remain valid. I still have just one daily wave count and...
by Lara | Jul 10, 2012 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected the S&P 500 to begin Tuesday’s session with upwards movement to at least 1,357. Price rose to 1,361.54, before falling, and thereafter the main and alternate wave counts diverged. I still have only one daily wave count...
by Lara | Jul 10, 2012 | S&P 500, S&P 500 + DJIA |
The S&P 500 moved mostly sideways and slightly lower during Monday’s session, remaining well within the confirmation / invalidation points for both hourly wave counts and providing us with no clarification. We need to see price break out of this range...
by Lara | Jul 8, 2012 | S&P 500, S&P 500 + DJIA |
Downwards movement has invalidated the main and alternate hourly wave counts. To end the trading week I have two wave counts. We can use confirmation / invalidation points to work with these two wave counts next week. The sole daily wave count remains valid and is...
