WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 – seconadry count becomes primary

by m.tamosauskas| May 3, 2013 | No Comments

Although shorter-term counter-trend declines are due now, Tuesday’s break above 1597.35 has corroborated upside targets to 1634.13 during the next weeks. This would confirm the completion of the entire five wave impulse advance from the Nov.’12 low of 1343.35. A reversal signature from 1634.13+/- would then initiate a sustained correction in the months ahead with idealised downside measured to 1481.62 basis a fib. 50% retracement. An immediate decline below 1536.03 would negate upside targets to 1634.13.

Category: S&P 500

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