WaveTrack International

Elliott Wave Financial Price Forecasting

Stock Index Video PART I/III

by WaveTrack International| June 24, 2019 | 5 Comments

U.S. Indices Set for Concluding Downswing into Year-End – European Indices Continue May’s Correction – Rapid EM Decline due to Resurgent US$ Dollar - Asia Follows EM’s Lower

PART I – STOCK INDICES

Includes Elliott Wave Analysis of U.S., European, Asian and Emerging Market Indices

STOCK INDICES – MAY’s CORRECTIVE DOWNSWING SET TO CONTINUE LOWER FOR REMAINDER OF 2019!

U.S. Stock Indices Set for Concluding Downswing into Year-End – European Indices Continue May’s Correction – Rapid EM Decline due to Resurgent US$ Dollar – Asia Follows EM’s Lower

We’re pleased to announce the publication of WaveTrack’s mid-year 2019 video updates of medium-term ELLIOTT WAVE price-forecasts. Today’s release is PART I, STOCK INDICES – Parts II & III will be published during the next month.

PART I – STOCK INDICES
• PART II – COMMODITIES
• PART III – CURRENCIES & INTEREST RATES

EW-Forecast Review – H1 2019

The Annual 2019 report published last January (2019) highlighted several main points. Contrary to consensus Elliott Wave and Economists’ opinion, the U.S. secular-bull uptrend remained in upward progress. Primary wave 5’s advance began from the ‘financial-crisis’ lows of 2008/09. Subdividing into a five wave pattern of intermediate degree, (1)-(2)-(3)-(4)-(5), wave (3)’s peak ended in early-2018. Also wave (4) was approaching a major low [we now know this ended into the late-December ’18 lows]. Finally, wave (5) would then begin one additional but final advance to record highs, but lasting the next several years targeting benchmark S&P 500 levels towards 4397.45+/- (that’s +52% per cent higher than today’s closing levels!!).

The ‘Inflation-Pop’ event first hypothesized back in early 2010 illustrates how central banks have inflated the price of things, stocks, bonds and commodities since the end of the ‘financial-crisis’ of 2008/09 in an attempt to prop-up economies to prevent them from imploding into a deflationary cycle.

With some certainty, derived from cross-correlation studies with European and Asian indices, U.S. markets are set for some extraordinary advances over the next few years. Positive correlations with mainstream commodities like Copper and Crude Oil support this forecast which is also backed-up by Elliott Wave pattern development in Emerging Market indices.

Main Theme’s & Drivers

There’s no doubt that U.S. trade policy led by President Donald Trump’s intention to reverse the 30-year decline of industry and manufacturing has led to protectionism and a potential trade war with China and most of its traditional allies. As a result trade tariffs with China focusing mainstream commodities and products has recently morphed into a technological trade war with China’s Huawei specifically targeted and China’s retaliation by banning exports of essential rare-earth metals.

Economists are continuing to remind us that an inverted yield-curve is signalling the onset of a recession. And more recently, international agencies like the International Monetary Fund (IMF) have warned that trade disputes will cause a drop of -0.5% per cent in global growth. So far economists are falling over each other to be first in downgrading their own growth targets.
The geopolitical environment is also fragile. There are sporadic reports that surface surrounding North Korea’s reactivation of nuclear facilities, U.S. pressure over Iran’s announcement that it intends to withdraw from the 2015 nuclear deal and tensions surrounding access through China’s ‘nine-dash’ demarcation line marking territorial waters in the South China Sea.

Despite these negative events, Elliott Wave analysis points towards the continuation of stock markets uptrends over the next few years. That just wouldn’t be possible if some geopolitical event was to trigger a military confrontation, or even a war – or perhaps some other exogenous event that hasn’t emerged so far – which means there’s a bright future ahead, once the short-term effects of a trade war and geopolitical tension are put aside. But what about the short-term implications of these current events?

What Next H2 2019?

The lows of December ’18 turned the corner for U.S. indices, ending 2018’s counter-trend declines – but not all global indices ended in similar fashion. European indices put in important lows but there are some Emerging Markets and Asian Indices where 2018’s corrections remain incomplete. These are set to extend lower into the second-half of 2019, already visible in January’s annual 2019 report. These up-coming declines are expected to drag U.S. indices lower in H2-2019 lasting until September/October. But as January’s forecasts anticipated, these declines would eventually give way to the next major uptrend.

Emerging Markets + Asia – Australia – Japan

Emerging Market indices offer revealing insights into future price direction, both in the short-term and the larger outlook over the next few years.

The benchmark MSCI EM index remains one of the key ‘Inflation-Pop’ archetypal patterns in development from the ‘financial-crisis’ lows of Dec.’08. Its advance is taking the form of a primary degree zig zag, A-B-C. Wave C’s final advance set for record highs over the next several years began from the grand ‘Re-Synchronisation’ lows of Jan/Feb.’16.

The advance as primary wave C must subdivide into an intermediate degree five wave impulse pattern, (1)-(2)-(3)-(4)-(5) and our default thinking is always attuned to an ‘expanding-impulse’ type pattern. But in actually fact, the initial 1st wave advance from 2016’s low exhibits three wave sequences ending into the Jan.’18 highs which confirms primary wave C is taking the form of a ‘diagonal-impulse’ pattern instead. The latest Elliott Wave analysis of the 2nd wave correction from that 2018 high remains in focus for the remainder of 2019 and it will have consequences for the major U.S., European and Asian indices too.

New Stock Index H2-2019 Video – PART I/III

This MID-YEAR 2019 VIDEO UPDATE for STOCK INDICES 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 step in 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

What you get!

Contents: 50 charts – 1 hour 56 mins.
• CRB-Cash index
• S&P 500 + Cycles
• Dow Jones Industrial Average
• AAII Bullish Sentiment
• Consumer Sentiment
• Consumer Confidence
• Cape P/E Ratio
• Russell 2000
• Nasdaq 100
• Dow Jones Transport
• Dow Jones Utilities
• KBW Banking Index
• XLF Financial
• XLK Technology
• XLP Consumer Staples
• XLY Consumer Discretionary
• Eurostoxx 50
• Xetra Dax 30
• FTSE-100
• MSCI Emerging Market
• Bovespa
• Russia RTS
• Nifty 50
• Sensex
• MSCI China
• Shanghai Composite
• China Enterprises
• Hang Seng
• Taiwan SE Weighted
• Singapore Straits
• ASX 200
• Nikkei 225

CONTACT US NOW VIA EMAIL – SELECT YOUR PACKAGE

Single Video – *$48.00 – PART I Stock Index Mid-Year Video 2019 (June ’19)
Triple Package offer – *$96.00 (saving 33%)! – PART I – PART II – PART III (June – July ’19)

  • 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 nearly 2 hours long!.
  • *(additional VAT may be added depending on your country – currently US, Canada, Asia have no added VAT but most European countries do)

  • BONUS! The Stock Index Video 2019 contains 50 charts already. 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 – we’re working on it!

    HOW CAN YOU RECEIVE THE VIDEO FORECAST?

    To receive your VIDEO UPDATE please click here to contact us.
    – Please state if you wish to purchase the SINGLE VIDEO – Stock Index Mid-Year Video Update 2019 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 of 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.

    Visit us @ www.wavetrack.com

    Comments

    • Praveen Vishnu Shamain

      Dear Mr. Peter and WaveTrack team,

      My question is nothing to do with stock index video but with respect to, today’s (26th June 2019) EW commentary published on your website.

      Under Currencies (FX) section, it is written that – “The US$ dollar index hit an important downside target level into Tuesday’s session at 95.84. This ended a zig zag downswing from May’s secondary high ..“.

      But,

      Under Commodities section, it is written that – “ Turing bearish now is quite a leap of faith especially since the US$ dollar index hasn’t yet traded to downside targets of 95.46+/-.“.

      So, which of the sentences is correct? – US$ dollar index ended the correction at 95.84 or US$ dollar index is yet to traded to downside target of 95.46?

      Kindly clarify.

      Thanks in advance.

      With Regards,

      • blackpet

        Well same remark, but looks one commentary is from the 26th the other is from the 22nd of June. I guess the most recent should be valid based on a reversal signature of DX.

        • Praveen Vishnu Shamain

          Thanks !

      • Dear Praveen Vishnu Shamain, Thank you for making us aware of the missing Commodities Commentary update. With regards to your question please note that both are correct – the US$ dollar index has ended a 3rd wave downswing at 95.84 – a 4th wave upswing is now in progress towards 97.35+/-…the 5th wave downside target is 95.28+/-. Wishing you a beautiful day.

        • Praveen Vishnu Shamain

          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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