WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 Daily reversal

by m.tamosauskas| January 24, 2014 | No Comments

01_sp140124

A break below the mid-January low now looks inevitable for the S&P. This is an important support level that requires penetration to confirm a final high for intermediate wave (3) at the recent 1850.84 high. There is an increasing probability that the 1850.84 print has now completed the entirety of wave (3) that began from the June ’12 low of 1266.74. Looking ahead, a fib. 38.2% correction for intermediate wave (4) projects down to 1601.26.

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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