WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 – secondary EW count

by m.tamosauskas| April 24, 2013 | No Comments

This is our secondary count for S&P 500 cash index. The strong rally from last week’s low of 1536.03 has increased the probability of this scenario that advocates upside continuation during the next few weeks – a break above 1597.35 would confirm higher targets to 1634.13 to finalise the larger advance from the Nov.’12 low of 1343.35. A subsequent reversal from 1634.13+/- would then begin a sustained counter-trend decline in the months ahead. This count is revised below 1536.03.

(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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