WaveTrack International

Elliott Wave Financial Price Forecasting

Stock Index Video Outlook 2018

by WaveTrack International| December 29, 2017 | 9 Comments



Valuations High – But Secular-Bull Uptrend Intact!


Stock index uptrends are almost 2-year’s old as measured from their grand ‘RE-SYNCHRONISATION’ lows of Jan/Feb.’16. This re-synchronisation process was forecast as a future event back in December ’14 in WaveTrack International’s 2015 annual forecasts. It hinted that when the 5-year divergent trends of Developed/Emerging Markets/Commodities would realign. This would signal the emergence of the 2nd Phase of the ‘INFLATION-POP’. The inflation-pop was a term we used to describe how several asset classes were undergoing inflationary impulses induced by Central Banks monetary easing policies implemented after the financial-crisis.

So far, this 2nd phase of price advances has seen the benchmark S&P contract up by +48% per cent, the Eurostoxx 50 +38% per cent, the MSCI Emerging Market index +69% per cent and the CRB-Cash commodity index +24% per cent although it has given some of that back since. But can these gains be sustained for another year, into 2018?

Valuations High – But Secular-Bull Uptrend Intact!

Much has been spoken about stock market valuation models during 2017! And how they have unanimously highlighted overvaluations signalling an imminent end to the secular-bull uptrend. This annual EW-Forecast Report takes an in-depth look at Robert Shiller’s CAPE P/E ratio, the Price to Book Ratio of the S&P 500 and its Price/Sales ratio to see if these warnings have merit. We also update various sentiment indicators including the VIX, AAII Bullish Sentiment, the NYSE Advance/Decline ratio, Consumer Sentiment trends, U.S GDP trends and courtesy of Bank of America/Merrill Lynch, the results of its Fund Manager Risk survey.

What this reveals is a two-fold approach to forecasting the Global/U.S. economy and the related trends/counter-trends of the major indices for 2018

The first focuses on the medium-to-long-term outlook, how indices are trending over the next couple of years or more

The second, a projection of the immediate near-term future leading into the first-half of 2018 and afterwards, into year-end.

Several investment banks are already posting their 2018 forecasts – for example, Morgan Stanley forecasts an S&P upside target for the coming year to 2750.00+/-, Goldman Sachs to 2850.00+/- and JP Morgan to 3000.00+/-. Widening the poll, the average forecast predicts the S&P 500 at 2819.00+/- by the end of 2018 but that’s only an annual gain of 5.4% per cent above current levels. To put this into perspective, the S&P is currently just shy of 2700.00 and it was trading at 2557.45 in mid-November, just 6-weeks ago! That’s a gain of 5.5% per cent – besides, we believe predicting a ‘year-end’ figure is worthless because of what could happen ‘in-between’ – does the S&P surge much higher first, then correct to these projection levels, or perhaps the index collapses lower first, then recoups those losses? These forecasts do not take any of these ‘possibilities’ into account – AND THAT’S VERY IMPORTANT!

Our price-forecasts are governed by Natural Law as translated through the Elliott Wave Principle. WaveTrack’s analysis is therefore dynamic and non-linear which means forecasting trends and their rhythms during the year, not just into year-end.

New Stock Index 2018 Video – PART I/III

For 2018, we expect to see more volatility in the markets. Over the last two years, since markets formed corresponding lows at the grand ‘RE-SYNCHRONISATION’ period of Jan/Feb.’16, it was relatively easy to predict surging price rises. But these gains across varying global markets have accelerated at a different pace, some advancing their wave counts ahead of others in a show of outperformance. This means it will be more challenging to predict the exact timing of retracement declines across the year as not all Elliott Wave patterns are aligned at their current location. So this makes it all-so-important to know the location of each index and its relationship with other global counterparts.

This new 2018 STOCK INDEX video is like nothing you’ve seen anywhere else in the world – it’s unique to WaveTrack International, how we foresee trends developing through the lens of Elliott Wave Principle (EWP) and how its forecasts correlate with Cycles, Sentiment extremes and Economic data trends.

We invite you to take this next part of our financial journey with us – video subscription details are below – just follow the links and we’ll see you soon!

Most sincerely,
Peter Goodburn
Founder and Chief Elliott Wave Analyst
WaveTrack International

Stock Index Video Content: 54 charts

• CRB-Cash index
• S&P 500 + Cycles
• Dow Jones Industrial Average
• S&P Price/Book Ratio
• S&P Price/Sales Ratio
• S&P CAPE P/E Ratio
• VIX Volatility Index
• AAII Bullish Sentiment
• NYSE Advance-Decline
• Bank of America/Merrill Lynch FMS Survey
• Consumer Sentiment
• US GDP data
• Nasdaq 100
• Russell 2000
• KBW Banking Index
• XLF Financial
• Value (SVX) vs Growth (SGX)
• S&P/DJ-Internet Spread
• XLK Technology
• Eurostoxx 50
• Xetra Dax 30
• FTSE-100
• MSCI Emerging Market
• Bovespa
• Russia RTS
• Nifty 50
• MSCI China
• Shanghai Composite
• China Enterprises
• MSCI Hong Kong
• Hang Seng
• Taiwan SE Weighted
• Singapore Straits
• ASX 200
• Nikkei 225


Single Video – *$48.00 – PART I STOCK INDICES (Dec. ’17)
Triple Package offer – *$96.00 (saving 33%)! – PART I – PART II – PART III (Dec. ’17 – Feb. ’18)

  • Each video runs for at least 1 hour 20 minutes and it’s packed with SPECIFIC Elliott Wave price-forecasts (the Stock Index Video is already 1 hour 57 mins. long!).
  • *(additional VAT may be added depending on your country – currently US, Canada, Asia have no added VAT but most European countries do)

  • BONUS! Each of the 38+ charts illustrated in the VIDEOS will be created into a .pdf document/report and sent to you so that you can always keep these to refer to!
  • PARTS II & III will be available in a few weeks’ time (2018!) – we’re working on it!


    To receive your VIDEO UPDATE please click here to contact us.
    – Please state if you wish to purchase the SINGLE VIDEO for STOCK INDICES for USD *48.00?
    – Or opt for the TRIPLE PACKAGE for USD *96.00 in total?
    – Next we will send you a PayPal payment request and provide you with the video link & PDF report once confirmed.

    *(additional VAT may be added depending on your country or residence. Currently, the US, Canada, Asia have no added VAT but most European countries do)

    We’re sure you’ll reap the benefits – don’t forget to contact us with any Elliott Wave questions – Peter is always keen to hear you views, queries and comments.

    Most sincerely,

    WaveTrack’s Elliott Wave Team

    Visit us @ www.wavetrack.com


    • Praveen Vishnu Shamain

      I’m interested in subscribing to “Triple Package Offer” and have sent a mail to – “services@wavetrack.com”.

      Kindly let me know the details.

      With Regards,

      • Thank you for your message, Praveen Vishnu Shamain. We received your email and have sent you the PayPal request. Have a wonderful new year and let us know if you have any more questions. Kind regards,

        • Praveen Vishnu Shamain

          Thank you for your prompt reply.

          Sent you the payment and looking forward to your 2018 analysis.

          Thanks once again.

          With Regards,

          • Thank you, Praveen Vishnu Shamain. We can confirm receipt of the payment. Our back-office is just creating the invoicing. Once we have this an email with the video will be sent to you. About 30-40 mins.! Warm regards,

            • Dear Praveen Shamain, Just a quick confirmation. We have sent you the email with all files. If it has not arrived in your inbox by now, please check your SPAM folder. Very best wishes, WaveTrack International.

            • Praveen Vishnu Shamain

              I hereby confirm that I have received your E-Mail with the attachments of payment invoice and PDF file.

              I also confirm that I have received the link for the video. Since the video requires Adobe flash player 13.0 +, I am in the process of installing the same.

              Thank you very much and hopefully, learn and earn (!) from your analysis.

              God bless you guys with healthy and wealthy, 2018.

            • Thank you for your feedback. Much appreciated. Let us know if you have any further queries. Very best wishes.

            • Praveen Vishnu Shamain

              I am finally able to play the video and thought of providing you my first observation/comments.

              1. When I click on the video link given in the chart PDF file, two (2) windows open – i) Midyear update 2017 and ii) 2018 Part I

              2. Google Chrome has a problem in playing the video and video portion doesn’t move beyond “Risk Disclosure” slide. But, audio, continues playing.

              3. After attempting several times, thinking that it was a problem at my end, finally, I gave up and switched to Microsoft Internet explorer and there it is working fine (both audio and video).

              4. I cannot download the video to my computer. It means, to play the video, each and every time, I need to connect to Internet. Please let me know, if this observation is right or wrong.

              5. There is no way to scroll to a particular chart / index. If I need a view on a particular Index, in future, I had to write down on my book the time slot at which this comes or go through the entire video each time. Please let me know if there is a way to directly jump to a particular index in the video.

              Thanks for your time and I will let you know, if I come across any other issues, in future.

              With Regards,

            • Dear Praveen Shamain, Thanks for all your observations which are very helpful.

              1. We can send you a new pdf which opens only 1 link.
              2. We have tested various technical combinations to view the video and Adobe assures us it is playable on all platforms – but there are always new technical combinations we have to take not off. Our IT will check Chrome again.
              3. If the Internet Explorer is a solution for you this sounds perfect.
              4 and 5. Correct the video can currently not be downloaded as this is a security measure to protect the content. However, there should be a scrollbar appearing which you should be able to use to go forward, pause or stop the video. Furthermore, the PDF is extremly valuable to make notes regarding the contracts you are interested in. This will allow you to review each chart offline.

              Please contact us under services@wavetrack.com if you need further technical assistance. Many thanks!

    About WTI

    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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