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Elliott Wave Financial Price Forecasting

S&P500 – Don’t Get Distracted! Uptrend Intact!

by WaveTrack International| January 26, 2017 | No Comments

Elliott Wave Confirms Continued Gains

S&P500 - Forecast 4th January - RESULT! 25th January 2017

S&P500 – Forecast 4th January – RESULT! 25th January 2017

Don’t Get Distracted! Uptrend Intact!

Despite negative press over the weekend with commentators and analysts warning the ‘Trump-trade’ had ended with stock markets heading for sizable declines, Elliott Wave analysis has again cut through the preconception ‘noise’ with a very bullish ‘call’ earlier this month.

December’s decline was always expected to unfold as a ‘counter-trend’ sequence within the more dominant uptrend as the S&P500 proved when the sell-off unfolded into a double zig zag pattern ending year-end at 2228.00 (futures). Yesterday’s activity (Tuesday Jan.24th) confirmed the prevailing uptrend with a break into new record highs.

We expect much more from this in the weeks ahead!

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    Category: Elliott Wave Charts, Fibonacci Trading, S&P 500, Uncategorized

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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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