WaveTrack International

Elliott Wave Financial Price Forecasting

Announcment

by m.tamosauskas| September 8, 2012 | No Comments

Recent action following last week’s ECB council meeting has resulted in extending upside gains for the S&P 500 and other major indices. Next levels of resistance are being approached, for S&P 500 towards 1446.62. If price rejection is followed by a reversal signature then it will confirm a protracted decline for the next few months towards 1245.52. Conversely, should prices ignore this resistance area and instead accelerate higher with next upside targets towards 1483.36, then we shall be confirming a more limited counter-trend decline into November prior to additional accelerative gains as part of the ‘inflation-pop’ scenario.

Such an outcome would have a cumulative effect through all the other asset classes, including bonds, currencies and commodities.

 (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

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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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