WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 + FREE WEEK

by m.tamosauskas| February 7, 2014 | No Comments

02_sp140207a

As expected, S&P 500 is rebounding from a very oversold conditions. Strong price rejection from 1737.92 has validated minor wave a.’s conclusion at 1737.92. This implies no immediate downside continuation to original targets at 1720.64 but instead an advance towards idealised upside at 1800.00+/-. In a way, this simplifies the entire downswing from the 1850.84 high as it suggests a single zig zag sequence towards the important downside support at 1692.45.

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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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