by Lara | Oct 19, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday, but it did not happen. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. Some increase in volume today supports this idea. The...
by Lara | Oct 15, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. The session made a higher high and a higher low, but it closed with a red candlestick. Summary: Price may move lower to complete a second wave correction on Monday, and this is supported by short term...
by Lara | Oct 13, 2016 | S&P 500, S&P 500 + DJIA |
In yesterday’s analysis I noticed bearish divergence between price and VIX, so members were instructed to look out for a possible surprise to the downside. Downwards movement breached the invalidation point on the main daily wave count, but not the weekly, so...
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 | Oct 11, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Tuesday’s session, which is what happened. The short term triangle structure was invalidated by more downwards movement than expected. Summary: Intermediate wave (3) upwards should begin tomorrow and must move above the...
by Lara | Oct 5, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected that Tuesday’s session would move price lower, and it has. But the target has not yet been reached. This wave down may not exhibit a Fibonacci duration in terms of how many days it lasts. The target remains the same. Summary:...
by Lara | Sep 19, 2016 | S&P 500, S&P 500 + DJIA |
Price has moved sideways. This fits the alternate Elliott wave count better than the main Elliott wave count at this stage. Summary: Sideways movement is most likely at this stage for a few days, a small pennant is forming. The breakout should be down. A new low below...
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 | Sep 15, 2016 | S&P 500, S&P 500 + DJIA |
Both Elliott wave counts remain valid still. Summary: Both Elliott wave counts expect upwards movement tomorrow to at least 2,164. A new high above 2,187.87 would invalidate the bear and confirm the bull, and the target would then be at 2,233. A new low below 2,111.05...
