WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 January 28 ’13

by m.tamosauskas| January 28, 2013 | 4 Comments

[No immediate change] The S&P continued higher and is now approaching higher resistance towards 1506.77-1507.29. Basis a comparison with the Dow Jones that is expected to trade a little bit higher, it is possible that this area will be reached, but any reversal from current levels would already confirm the completion of the entire Nov.’12 advance from 1343.35. Subsequent declines in the weeks ahead are measured to ultimate downside at 1326.61-16.35.  This forecast is revised only by acceleration above 1506.77-07.29.

 (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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