WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 – trend is turning down

The sell off from the 1530.94 high has occurred in five waves. Now, a short-term three price-swing rally is expected, followed by a continuation below 1497.29. This would confirm the reversal signature and, thus, the continuation of declines in the next several weeks. Basis a fib. 161.8% extension of the 1530.94-1497.29 sell off, downside support […]Continue reading «S&P 500 – trend is turning down»

Apple – the decline remains intact

In 11th of February a short-term setup was presented: ‘Apple Inc. provides an attractive short-term trading setup: the expected counter-trend rebound from the 435.00 price level is unfolding into a double zig zag pattern labelled [a]-[b]-[c]-[x]-[a]-[b]-[c] in minuette degree. Ratio and proportion analysis again provides an excellent roadmap where this advance is expected to complete. […]Continue reading «Apple – the decline remains intact»

India-CNX Nifty 50 – top is in?

The current rally from 5853.90 is labelled as the 2nd within an ongoing five wave impulse decline that began from the Jan.’13 high of 6111.80. Short-term upside resistance is measured to 6012.25 basis a fib. 61.8% retracement. A reversal from there would confirm downside continuation during the next several weeks, with unchanged targets towards 4920.50. […]Continue reading «India-CNX Nifty 50 – top is in?»

Technical Error

Dear Readers, Due to a technical blog error last week’s blog posts have, unfortunately, not been published. Therefore, we decided to republish the posts this week as we think they are still relevant. Thank you for your patience. GL! Bookmark on Delicious Digg this post Recommend on Facebook share via Reddit Share with Stumblers Tweet […]Continue reading «Technical Error»

S&P 500 February 07 ’13

Continuation to the upside has necessitated extending original target levels of 1506.77-07.29 to max. upside at 1527.93 by a fib. 38.2% ratio of the 1343.35-1474.51 range. A lower target towards 1516.71 that is already being approached can be projected by a fib. 61.8% extension of the initial Nov.-Dec.’12 advance of 1343.35 to 1448.00. Thus, a […]Continue reading «S&P 500 February 07 ’13»

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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