by Lara | Mar 8, 2016 | S&P 500, S&P 500 + DJIA |
A breach of a channel on hourly chart is earliest confirmation of a trend change. Summary: Earliest indication that the correction may be over came today with a breach of the channel on the hourly chart. This increases the probability that the correction is over....
by Lara | Mar 5, 2016 | S&P 500, S&P 500 + DJIA |
Price moved higher to 2,009, above the target which was 2,002 or 2,004. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount...
by Lara | Mar 2, 2016 | S&P 500, S&P 500 + DJIA |
The bounce continued higher towards the target as expected. Summary: The bounce is continuing higher as a double or single zigzag. The target for it to end is 2,002 or 2,004. Confirmation the correction is over will first come with a clear breach of the channel...
by Lara | Mar 1, 2016 | S&P 500, S&P 500 + DJIA |
The alternate Elliott wave count allowing for more upwards movement was confirmed with a new high. Summary: The bounce is continuing higher as a double zigzag. The target for it to end is 2,004. If it ends tomorrow, it would total a Fibonacci 13 daily candlesticks....
by Lara | Feb 17, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected but did not happen. The alternate bear Elliott wave count is now switched to the preferred Elliott wave count. Summary: The outlook must change today after three days of upwards movement on increasing volume. Volume is still light, and...
by Lara | Feb 16, 2016 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected. The most likely point for it to end was expected to be 1,895. So far upwards movement has reached 1,895.77. Summary: The trend is down. Upwards movement is now reasonably likely to be over. A new low below 1,810.10 would confirm...
by Lara | Feb 3, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 1,872.7 provides more confidence in the hourly Elliott wave counts. Summary: Final confidence in the resumption of the downwards trend would come with a breakout of the current consolidation, which has its lower limit about 1,870, on a downwards day...
by Lara | Feb 1, 2016 | S&P 500, S&P 500 + DJIA |
Higher prices were expected for Monday. Higher prices is what happened. Summary: The correction may now be complete, but this absolutely requires confirmation before any confidence may be had that the downwards trend is about to resume. A clear breach of the upwards...
by Lara | Jan 21, 2016 | S&P 500, S&P 500 + DJIA |
Price remains below the invalidation point on the preferred hourly chart, so that Elliott wave count still has a higher probability. Summary: The middle of a big third wave should be approaching. The wave count expects a further increase in momentum. This view has a...
