by Lara | May 27, 2012 | S&P 500, S&P 500 + DJIA |
Price has again moved sideways within a very small range and this has prompted me to switch my main and alternate hourly charts around today. What was the alternate wave count now has the right look, with one subwave having moved slightly higher by 0.06 points. The...
by Lara | May 24, 2012 | S&P 500, S&P 500 + DJIA |
Price has moved sideways again in a decreasing range. My alternate hourly chart may be correct, which would explain all the sideways movement over the last few days. The mid term target for my main and alternate hourly charts is identical, the only question is when...
by Lara | May 23, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected downwards movement during Wednesday’s session. The S&P 500 did make a new low, and thereafter bounced back upwards. Price remains below the invalidation point on the hourly chart and the wave count looks correct. I will expect the mid...
by Lara | May 22, 2012 | S&P 500, S&P 500 + DJIA |
I had expected overall downwards movement for Tuesday’s session and price has moved sideways closing less than a point higher than the open. I have only one daily wave count and two hourly wave counts again today. The main hourly wave count now has increased in...
by Lara | May 21, 2012 | S&P 500, S&P 500 + DJIA
I had expected a little more downwards movement towards a target at 1,280 for Monday’s session before an upwards correction began, but the correction has begun at the beginning of the new trading week. Movement above 1,307.45 confirmed a small degree correction...
by Lara | May 20, 2012 | S&P 500, S&P 500 + DJIA |
Last analysis expected a small correction to complete within the last session, and thereafter for downwards movement towards a short / mid term target at 1,293 to be reached within two sessions, but this target was slightly exceeded within Friday’s session. This...
by Lara | May 17, 2012 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis of the S&P 500 expected downwards movement with increasing momentum, which is exactly what happened as price fell over 20 points. MACD indicated stronger downwards momentum and the short term target at 1,300 was almost reached. I still...
by Lara | May 17, 2012 | S&P 500, S&P 500 + DJIA
Yesterday’s main hourly wave count for the S&P 500 expected price to move lower. The main hourly wave count had a higher probability than the alternate. Targets are not yet met. Today’s analysis has only one daily and one hourly wave count. I have...
by Lara | May 16, 2012 | S&P 500, S&P 500 + DJIA |
Movement below 1,336.61 early in Tuesday’s session invalidated our main hourly wave count and confirmed our alternate. At that stage the target for expected downwards movement was 1,329 for the session. The S&P 500 reached to 1,328.41, just 0.59 points...
