WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| January 16, 2013 | No Comments

For the time being, the S&P has not reacted from original upside targets at 1475.40. The high so far was recorded at 1473.31, but unless a reversal signature has occurred, we cannot confirm the completion of the entire upswing from the Nov.’12 low of 1343.35. This would initiate declines in the months ahead, with downside measured to 1326.61-16.35. As mentioned in the former updates, acceleration above 1475.40 would otherwise trigger higher targets to 1494.04 – but basis the European and Asian indices which have already traded into upside resistance and reacted from there, this is assigned a lower probability. This forecast is revised only by acceleration above 1494.04.

 (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

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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