WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| September 14, 2012 | No Comments

Continued advances above the 1446.00+/- area have promoted this count to ‘preferential’ status. Basis the most recent rallies, original upside targets to 1483.36 seem too low for a possible finalisation of the entire advance in progress from the June low of 1266.74. Instead, objectives have been raised to 1503.58. Note that this scenario interprets the advance from 1266.74 as an impulse sequence within a larger bull market implying that the 1266.74 low will not be broken for the next few years.

(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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