WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 January 28 ’13

by m.tamosauskas| January 28, 2013 | 4 Comments

[No immediate change] The S&P continued higher and is now approaching higher resistance towards 1506.77-1507.29. Basis a comparison with the Dow Jones that is expected to trade a little bit higher, it is possible that this area will be reached, but any reversal from current levels would already confirm the completion of the entire Nov.’12 advance from 1343.35. Subsequent declines in the weeks ahead are measured to ultimate downside at 1326.61-16.35.  This forecast is revised only by acceleration above 1506.77-07.29.

 (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

Comments

4 Responses to “S&P 500 January 28 ’13”

  1. steve
    January 29th, 2013 @ 7:00 pm

    looks like the spx exceeded your upside target today. What is the new forecast now? More bullishness ahead.

  2. m.tamosauskas
    January 30th, 2013 @ 12:05 pm

    Hi Steve,

    No, we haven’t changed our primary count. The upside targets were exceeded just by 2+/- points, so its still valid turning point. We are waiting for a reversal signature, hopefully during the next 48 hours.

    Martynas

  3. steve
    February 1st, 2013 @ 5:33 pm

    what is your new forecast now given today’s upside orgy?

  4. m.tamosauskas
    February 6th, 2013 @ 7:53 am

    Hi Steve,

    will update charts latter today, GL!

    Martynas

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