Announcement: Free Week! 29th September – 7th October ‘12
WaveTrack’s ‘Free Week’ begins this coming weekend and its theme centres around two aspects – creating an awareness within the Elliott Wave community of the importance in applying Fibonacci Ratio & Proportion studies – also, offering an insight to the up-coming ‘inflation-pop’ that forecasts a very different outcome for global stock indices during the next […]Continue reading «Announcement: Free Week! 29th September – 7th October ‘12»
S&P 500
The sell off from the recent 1474.51 high is expected to have begun a counter-trend decline labelled the 4th wave within an ongoing five price-swing advance. Downside targets during the next weeks measure to the fib. 38.2% support at 1409.06 – a reversal from there would trigger the finalising advance to original upside objectives at […]Continue reading «S&P 500»
S&P 500
The sell off from last week’s high of 1474.51 is expected to have begun a counter-trend decline labelled the 4th wave within an ongoing five price-swing advance. Short-term downside targets measure to the fib. 38.2% support at 1409.06 – a reversal from there would trigger the finalising advance to original upside objectives at 1503.58. (Become […]Continue reading «S&P 500»
S&P 500
Continued advances above the 1446.00+/- area have promoted this count to ‘preferential’ status. Basis the most recent rallies, original upside targets to 1483.36 seem too low for a possible finalisation of the entire advance in progress from the June low of 1266.74. Instead, objectives have been raised to 1503.58. Note that this scenario interprets the […]Continue reading «S&P 500»
S&P 500
The S&P is at a critical juncture as original upside targets to 1446.16-46.62 are being approached. Any reversal from here would confirm the end of the entire upswing from the June low of 1267.45 and begin an expanding-impulse decline over the next months finalising a larger 3-3-5 pattern that began from the April ’12 high […]Continue reading «S&P 500»
Announcment
Recent action following last week’s ECB council meeting has resulted in extending upside gains for the S&P 500 and other major indices. Next levels of resistance are being approached, for S&P 500 towards 1446.62. If price rejection is followed by a reversal signature then it will confirm a protracted decline for the next few months […]Continue reading «Announcment»
Eurostoxx 50
Declines from the Aug.’12 high of 2494.06 are resuming the larger downtrend that began from the Jan.’10 high of 3044.37. Shown on this chart is the final sequence of that downtrend in progress from this year’s high of 2611.42. Should the Eurostoxx manage to stay below 2494.06, declines are expected for the remainder of the […]Continue reading «Eurostoxx 50»
Crude oil
No immediate change. Price target for minuette wave [ii] has been achieved at 97.37. (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).Continue reading «Crude oil»
Crude oil
Last week’s advance broke above the 96.54 level transforming the counter-trend zig zag upswing from 94.41 into a more complex expanding flat pattern. This counter-trend rally remains as minuette wave [ii] but remains incomplete with revised upside targets towards 97.30-37. Price targets for minuette wave [ii] are measured this way: first, extending sub-minuette wave (a) […]Continue reading «Crude oil»