WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| October 17, 2012 | No Comments

The reversal signature from last Friday’s low of 1425.53 has triggered the finalising upswing of the larger uptrend in progress from the June low of 1266.74. Ultimate upside is measured to 1515.71. Original lower upside to 1487.87 has been ruled out due to the substructure of the current advance from 1425.53 which implies more upside potential. Once 1515.71 has been achieved, await a reversal signature to confirm a counter-trend decline to the entire 1266.74-1515.71 advance has begun. This forecast is revised below 1425.53.

(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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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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