WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

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 […]Continue reading «S&P 500»

S&P 500

The counter-trend sequence as minor wave ii. two in progress from the mid-October high of 1464.02 is shown unfolding into a double zig zag sequence of minute degree, a-b-c-x-a-b-c. The first zig zag completed at 1343.35 and is now being followed by wave x counter-trend rallies with idealised upside to 1451.43. A reversal signature from […]Continue reading «S&P 500»

The S&P responded positively from last Friday’s lows of 1343.35 confirming a counter-trend advance has begun as wave ‘X’. Basis the price development so far, it would seem that a deep retracement will ultimately unfold – the last days’ attempt to the fib. 38.2% resistance level at 1388.00+/- whilst unfolding from 1343.35 into a sub-hourly […]Continue reading «»

S&P 500

The S&P’s protracted decline during the last several weeks has confirmed the completion of the June upswing at the 18th October high of 1464.02 as a truncated 5th wave. This means that a counter-trend sequence to the entire 1266.74-1464.02 advance is underway which suggests a continued decline during the next couple of months. Latest: short-term […]Continue reading «S&P 500»

S&P 500

As highlighted in the last update, the S&P’s failure to respond from the 1388.00+/- area has confirmed the completion of the June upswing at the 18th October high of 1464.02 as a truncated 5th wave. This means that a counter-trend sequence to the entire 1266.74-1464.02 advance is underway which suggests a continued decline during the […]Continue reading «S&P 500»

With this week’s break below the 1403.28 low, the S&P has triggered additional downside potential to 1389.44 which has been already achieved with yesterday’s low of 1388.14. A reversal from there is necessary to validate the continuation of the larger upswing that began from the June low of 1266.74. Failure to respond from the 1388.14 […]Continue reading «»

The decline from the September high of 1474.51 is still in progress, unfolding as a 4th wave within a larger ongoing five wave upswing from the June low of 1266.74. Shorter-term, downside targets measure to 1396.08 but could also extend to the fib. 50% support at 1389.44. As this is commonly the max. retracement for […]Continue reading «»

S&P 500

The reversal signature from last Friday’s low of 1425.53 has triggered the finalising upswing of the larger uptrend in progress from the June low of 1266.74. Ultimate upside is measured to 1515.71. Original lower upside to 1487.87 has been ruled out due to the substructure of the current advance from 1425.53 which implies more upside […]Continue reading «S&P 500»

S&P 500

The sell off from last week’s high of 1470.96 has greatly increased the probability for the contracting-symmetrical triangle scenario. This means the S&P should remain within the range between the 1474.51 high and the 1430.53 low during the next several trading days before it stages one finalising advance to original upside at min. 1487.87 or […]Continue reading «S&P 500»

S&P 500

The sell off from the recent 1474.51 high is expected to have begun a counter-trend decline labelled the 4th wave within an ongoing five price-swing advance. Downside targets during the next weeks measure to the fib. 38.2% support at 1409.06 – a reversal from there would trigger the finalising advance to original upside objectives at […]Continue reading «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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