by Lara | Aug 13, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis stated that for the first Elliott wave count there was a “very real possibility that a second wave correction may yet move higher”, and the second wave count expected upwards movement. Summary: The first wave count is looking...
by Lara | Aug 8, 2015 | S&P 500, S&P 500 + DJIA |
A short term target for downwards movement for Friday was 2,070 – 2,069. Price moved lower to reach 2,067.91 before turning up as expected. Summary: Both wave counts expect upwards movement next week. If price breaks above 2,132.82, then the first wave count...
by Lara | Aug 1, 2015 | S&P 500, S&P 500 + DJIA
A little upwards movement was expected to begin the session to a target at either 2,115 or 2,117 – 2,121. This is how the session began, with price falling 0.76 short of the first target. Thereafter, price turned down to complete a red candlestick, which is what...
by Lara | Jul 28, 2015 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for Monday. Summary: A first wave down is almost complete. When complete, a second wave correction will follow which may possibly be deep, but it does not have to be because it may be pulled down by a strong third wave. The second...
by Lara | Jul 21, 2015 | Public Analysis, S&P 500, S&P 500 + DJIA
I have two Elliott wave counts today, with additional regular technical analysis that aims to see which Elliott wave count is more likely. Summary: A new low below 2,044.02 now would provide a lot of confidence in the first wave count, the target would be at 1,983. A...
by Lara | Jul 15, 2015 | S&P 500, S&P 500 + DJIA |
Wednesday completed a small red candlestick after moving a little higher. Downwards movement has clearly breached the channel on the hourly chart. Summary: A third wave within a third wave down should begin from here to 1,995 or 1,922. Changes to last analysis are...
by Lara | Jul 9, 2015 | S&P 500, S&P 500 + DJIA |
Yesterday’s hourly wave count expected overall sideways movement: some upwards movement to complete a triangle to be followed by downwards movement as a fifth wave began. This is exactly what happened. Summary: The fourth wave may now be complete. The target for...
by Lara | Jun 29, 2015 | S&P 500, S&P 500 + DJIA |
The narrow channel on the hourly chart was never breached, so some downwards movement was expected to continue. However, a new low below 2,067.93 has invalidated the main Elliott wave count and confirmed the alternate Elliott wave count. Summary: A trend change at...
by Lara | Jun 26, 2015 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday, but this did not happen. However, the lower trend line on the hourly Elliott wave chart did work perfectly to show where downwards movement found support. Summary: The trend line on the hourly chart needs to be breached before...
