WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| March 22, 2013 | No Comments

Minor wave ii. two is shown as already having completed at the Nov.’12 low of 1343.35. The implication is that now a five wave expanding-impulse sequence is underway as minute wave 1. Min. upside targets to 1564.10 basis a fib. 161.8% extension of minuette wave [i] have already been approached. A slightly higher target can be measured to 1579.93 by extending waves [i]-[iv] by a fib. 61.8% ratio.

Next week I am taking holiday, so there won’t be blog updates, however EW-Compass will be published as usual – twice a week. Beforehand I would like to wish all of you happy Easter and good luck in a markets!!!

(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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