by Lara | Apr 28, 2016 | S&P 500, S&P 500 + DJIA |
So far it looks like the alternate hourly Elliott wave count may be right, but we still don’t have price confirmation. Both hourly charts will expect the same movement next for the short term. Summary: In the short term, a small fourth wave may move higher and...
by Lara | Apr 25, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower to sit on the support line. How price behaves tomorrow now that the line is met will indicate which hourly Elliott wave count is more likely. Summary: The possibility of new highs will remain while price remains above the support line / lower edge of...
by Lara | Apr 21, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower as both hourly Elliott wave counts expected. At the close of the session, both hourly Elliott wave counts remain valid. Summary: It is possible that a high is in place, but we should always assume the trend remains the same until proven otherwise....
by Lara | Apr 21, 2016 | S&P 500, S&P 500 + DJIA |
There are two hourly Elliott wave counts with very important differences. The alternate is entirely possible and outlines confirmation points and trend channels. Summary: It is possible that a high is in place, but we should always assume the trend remains the same...
by Lara | Apr 7, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. This is not what happened. Price remains above the invalidation point on the hourly chart. The Elliott wave count remains on track. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to...
by Lara | Apr 5, 2016 | S&P 500, S&P 500 + DJIA |
A little downwards movement was expected for the session. This is what happened. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The target is 2,124. The invalidation point for this rally...
by Lara | Apr 4, 2016 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected but did not happen. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The target is 2,124. The invalidation point for this rally is 2,134.72. A short...
by Lara | Apr 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected; price made new highs. The session began with a whipsaw which remained just above the invalidation point. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The...
by Lara | Mar 19, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. A short term target for Monday is 2,057. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short term, the...
