by Lara | Apr 3, 2012 | S&P 500, S&P 500 + DJIA |
Movement below 1,410.8 invalidated our hourly wave count. The daily wave count remains valid. I can see two possible explanations on the hourly chart, and we have two hourly wave counts today. We may use the invalidation / confirmation point to work with these wave...
by Lara | Apr 2, 2012 | S&P 500, S&P 500 + DJIA |
As expected from our main wave count the S&P 500 has continued to move higher. A new high above 1,419.15 has invalidated the alternate and confirmed the main wave count. We have two daily charts today, both expect the same direction next, and they look at this...
by Lara | Mar 31, 2012 | S&P 500, S&P 500 + DJIA
Friday’s session saw upwards movement from the S&P 500 which is what our main wave count had expected, but momentum is unconvincing as a third wave, even a low degree one. We should always assume that the trend remains the same, until proven otherwise. We...
by Lara | Mar 29, 2012 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis of the S&P 500 had expected upwards movement for Thursday’s session. Price moved lower to touch the parallel channel on the daily chart, before turning higher. Although this is not what we expected the wave count remains valid as...
by Lara | Mar 29, 2012 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected upwards movement, but the small degree correction continued to move price lower. The wave count remains valid. I have a main wave count which I consider the most likely scenario, and am expecting the trend to continue further yet...
by Lara | Mar 28, 2012 | S&P 500, S&P 500 + DJIA |
The S&P 500 moved slightly lower, in slow sideways movement for Tuesday’s session. I had expected a small correction to begin the session, but I had expected it would be over within a very few hours. It took longer than expected. I still have only one wave...
by Lara | Mar 26, 2012 | S&P 500, S&P 500 + DJIA
As expected from our main wave count the S&P 500 has moved higher today. We should expect the main trend to continue towards our targets. The alternate hourly chart is looking less likely today. I will keep the possibility in mind, and if it shows itself to be...
by Lara | Mar 25, 2012 | S&P 500, S&P 500 + DJIA
The S&P 500 moved higher to end the trading week, which is what our last analysis had expected. Targets have been slightly recalculated and we should expect more of the same until our targets are reached. We still have only one daily wave count. To end the...
by Lara | Mar 22, 2012 | S&P 500, S&P 500 + DJIA
Yesterday’s analysis expected the S&P 500 to move lower today, and our target was about 1,384. Price has fallen about 5 points short of our target, thus far. We will use trend channels to indicate when this small correction is over. Again we have only one...
