WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| December 5, 2012 | No Comments

The advance from last week’s low of 1385.43 is interpreted as the finalising leg within a larger three price-swing sequence in progress from the November low of 1343.35. During the next few weeks, the S&P is expected to approach upside at 1451.43 to complete this upswing. Once achieved, a reversal would signify the continuation of the larger downtrend that began from the mid-October high of 1464.02. Ultimate downside targets measure to the 1300.00+/- area in the months ahead. This forecast is negated above 1464.02. Shorter-term, a break below 1385.43 would negate additional upside momentum to 1451.43.

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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