WaveTrack International

Elliott Wave Financial Price Forecasting

New all time high, what’s next?

by m.tamosauskas| July 19, 2013 | No Comments

01_sp130719

With a break above the May high of 1687.18, this count has been promoted to ‘preferential’ status. It advocates limited upside potential from current levels towards idealised targets at 1706.52. Await a reversal from there to confirm the completion of the June ’13 advance and initiate declines in the weeks ahead. Ultimate downside is then projected towards 1514.43-14.09 to finalise the larger counter-trend sequence in progress from the May high. This forecast is revised by acceleration above 1706.52.

Category: S&P 500

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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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