WaveTrack International

Elliott Wave Financial Price Forecasting

Trading below the ‘Big Day’

by m.tamosauskas| September 25, 2013 | No Comments

INDU

S&P 500 and Dow are back below the price levels traded just before the FED announcement of prolonging the bond buying programme. S&P 500 has hitted a perfect target that day (measured by a fib. 61.8% correlation ratio between waves 1-3 and 5), momentum as shown on daily Dow chart is waning and is close to trigger a SELL signal. Moreover, bearish counts for many global stock indeces (FTSE, Nikkei, Nifty 50, Emerging markets and so on) were not invalidated by that spike up and the upcomming downside characteristics will determine the wave pattern develpment.

Category: Dow Jones 30, 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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