by Lara | Dec 23, 2016 | S&P 500, S&P 500 + DJIA |
Another very small range day moved price essentially sideways fitting the Elliott wave count for the short term. Two hourly Elliott wave counts are provided to end the year, with the one daily Elliott wave count remaining the same. Summary: A small pennant pattern may...
by Lara | Nov 29, 2016 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point on the hourly Elliott wave count. The small downwards movement for today still fits with overall expectations. Summary: An upwards trend is in place. Corrections are an opportunity to join the trend. A sideways correction is...
by Lara | Nov 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to a short term target at 2,139.50 was expected. Upwards movement did unfold, but reached 7.37 points above the target. Summary: Volume does not support this upwards movement, and there is some regular bearish divergence between price and the AD line...
by Lara | Oct 27, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis expected Wednesday’s session to begin with a little downwards movement to end close to 2,140. Thereafter, it was expected that price would turn upwards. The low for the session was 2,131.59. The session closed green although it made a...
by Lara | Oct 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected from the main Elliott wave count for Thursday’s session. This did not happen. Price moved lower and sideways to complete a small red doji. Summary: The Elliott wave count expects more upwards movement from here to show an increase...
by Lara | Oct 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement, which was expected for Wednesday’s session, produced a small green daily candlestick. Summary: Intermediate wave (3) upwards should move above the end of intermediate wave (1) at 2,179.99. Upwards movement for today’s session lacks...
by Lara | Sep 18, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement for Friday but this did not happen. Price has been moving sideways now for five days. Summary: Classic technical analysis supports the bearish alternate Elliott wave count. This still requires price confirmation below 2,111.05....
by Lara | Aug 5, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis concluded that upwards movement was most likely. This is what happened for Friday. Upwards movement was confirmed early in the session with a new high above 2,178.29. Summary: The upwards trend is continuing after a sideways consolidation,...
by Lara | Apr 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Classic technical analysis changes the Elliott wave count at the hourly chart level. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. A new high reasonably...
