by Lara | Feb 25, 2012 | S&P 500
With a new high above 1,367.76 the S&P 500 confirmed our main hourly wave count and invalidated our alternate. We have just one hourly wave count to end the trading week. We should expect this trend to continue towards our target. As more structure unfolds I will...
by Lara | Feb 23, 2012 | S&P 500
The S&P 500 has moved lower to start the session and then it moved higher thereafter. However, it has yet to make a new high above 1,367.76 and both our our hourly wave counts remain valid. We can look at the structure of Thursday’s movement on a 5 minute...
by Lara | Feb 22, 2012 | S&P 500
Slight downwards movement is within our allowable range for a small second wave correction, which has taken its time. Both our main and alternate hourly wave counts remain valid as we still have no confirmation of a trend change. When one or the other is invalidated...
by Lara | Feb 22, 2012 | S&P 500
Last analysis expected the S&P 500 to be highly likely to reach to 1,367 (or very slightly above) and then turn downwards. This is exactly what happened during Tuesday’s session. We have two hourly charts today and the only difference between them is the...
by Lara | Feb 17, 2012 | S&P 500 |
As expected price has continued to move higher. We should expect this trend to continue towards our targets. We still have two daily wave counts, but the alternate has a much lower probability. We will use the invalidation point of the alternate daily wave count to...
by Lara | Feb 16, 2012 | S&P 500 |
We expected upwards movement to a new high, and price has made a very slight new high, but this movement looks to be a continuing correction. The structure is still incomplete and we should see a continuation of this trend towards our targets. Click on the charts...
by Lara | Feb 15, 2012 | S&P 500
Movement below our very short term invalidation point has indicated that an upwards impulse was complete. Price remains above the lower invalidation point on the hourly chart and we have no indication of a trend change. We should always assume that the trend remains...
by Lara | Feb 13, 2012 | S&P 500
As expected the S&P 500 has moved higher and another small impulse is unfolding on the hourly chart. At this stage our target zone remains the same and it looks likely that it shall be reached. We still have two daily charts and we will use the invalidation point...
by Lara | Feb 12, 2012 | S&P 500
Downwards movement during Friday’s session below 1,341.95 was unexpected and invalidated our hourly wave count. However, the structure remains incomplete. Our target is recalculated and we should expect it to be reached before we see a trend change. Click on the...
