WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 mid-term trend remains bullish

by m.tamosauskas| June 14, 2013 | 4 Comments

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Despite some sharp price movements, the overall pattern that started in early October ’11 remains incomplete. Cycle wave C’s advance that began the concluding sequence of the larger zig zag from the Oct.’11 low of 1074.77 is shown unfolding into a five wave expanding-impulse sequence, subdividing into primary degree, 1-2-3-4-5. Wave 1 completed at 1292.66 and was followed by wave 2 declines to 1158.67. Subsequent wave 3 advances are in progress, subdividing into a visible (1)-(2)-(3)-(4)-(5) sequence of intermediate degree. Ultimate upside objectives for cycle wave C are projected to 2239.02 by a fib. 161.8% extension of the initial 1-2-1 sequence (1074.77-1422.38).

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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