by Lara | Apr 18, 2012 | S&P 500, S&P 500 + DJIA
With price remaining firmly within the parallel channel on our alternate daily chart we must accept today that the possibility of a new high has increased. The S&P 500 has not given us the confirmation of a trend change that we were waiting for. Without...
by Lara | Apr 16, 2012 | S&P 500, S&P 500 + DJIA
The S&P 500 has moved sideways during Monday’s session, but importantly price found support at the lower edge of the parallel channel on our alternate daily chart. With price strongly contained within this channel we must accept the risk that we may yet see...
by Lara | Apr 14, 2012 | S&P 500, S&P 500 + DJIA |
As expected from our main wave count, after Thursday’s session the S&P 500 moved lower for Friday. We may expect our short term target to be reached next week. Our long term target is months away. Our alternate wave count is still valid. Only when the...
by Lara | Apr 12, 2012 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected the most likely direction for Thursday’s session would have been downwards, but price has moved higher. We had an alternate wave count to cover this possibility. The alternate hourly wave count was confirmed and the main...
by Lara | Apr 11, 2012 | S&P 500, S&P 500 + DJIA |
As expected from yesterday’s analysis the S&P 500 moved a little higher for Wednesday’s session, as price bounced off the lower edge of the parallel channel on our alternate wave count for a small correction. Price has found resistance at the upper...
by Lara | Apr 10, 2012 | S&P 500, S&P 500 + DJIA |
As our main wave count expected the S&P 500 has continued to move lower. Price reached down to touch the lower edge of the parallel channel on the daily chart of our alternate wave count. Although this wave count has a low probability, it is still possible. If it...
by Lara | Apr 10, 2012 | S&P 500, S&P 500 + DJIA
We now have a more convincing trend channel breach of the channel on the daily chart for our main wave count. This indicates a possible trend change. However, we still have an alternate. If its trend channel is breached this week then we may be very confident of a...
by Lara | Apr 6, 2012 | S&P 500, S&P 500 + DJIA
New York is closed April 6th for Good Friday. This analysis will be the last for this trading week. The S&P 500 moved mostly sideways in a very small range to end the trading week. Although we now have a trend channel breach on the daily chart, it is very...
by Lara | Apr 4, 2012 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected upwards movement as most likely from the S&P 500. Price has moved lower but remains above the invalidation point on the hourly chart. We still have two hourly wave counts which diverge in their expectation of the next movement....
