by Lara | Dec 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate wave (3) to end is at 2,280...
by Lara | Nov 20, 2016 | S&P 500, S&P 500 + DJIA |
A slight new high and then downwards movement was expected for Friday. This is exactly what happened. Summary: Downwards movement is expected to begin on Monday towards 2,120. Divergence between price and the AD line, and price and the McClellan Oscillator supports...
by Lara | Oct 29, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 2,130.19 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count. At that stage, downwards movement was expected to move slightly below 2,124.43, finding support at the lilac trend line. Price found its low...
by Lara | Oct 1, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
A red daily candlestick or doji was expected for Friday, but this did not happen. Upwards movement slightly breached the invalidation point on the hourly chart. Summary: Two days of downwards movement to 2,137 is expected. Divergence with price and the AD line and VIX...
by Lara | Sep 10, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was not expected to break below 2,157.09 for Friday. Friday closed at 2,127.81. Summary: Friday’s 90% down day is likely to be followed by at least 2-7 days of rebound. A new alternate wave count has a good look, and it expects Friday was the...
by Lara | Sep 7, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Price continues to move sideways within a clearly defined trading range. Summary: While price remains below 2,193.42, it is still likely that a final small wave down will end the consolidation. A new high reasonably above 2,193.42 would indicate that the consolidation...
by Lara | Aug 16, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,147.58. In the short term, expect a small correction to end about 2,162 –...
by Lara | Jul 30, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to about 2,175 or a little above was expected for Friday’s session. Price moved higher to reach 2,177.09. Summary: Upwards movement next week to a target at 2,231 is expected. This is supported by a short term bullish volume profile and an...
by Lara | Jul 28, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Thursday’s session. Overall, price moved higher to print a green daily candlestick. Summary: In the short term, an upwards swing should take price back up to about 2,175 or a little above. Thereafter, the wave counts diverge....
