WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

The sell off from last week’s high of 1474.51 is expected to have begun a counter-trend decline labelled the 4th wave within an ongoing five price-swing advance. Short-term downside targets measure to the fib. 38.2% support at 1409.06 – a reversal from there would trigger the finalising advance to original upside objectives at 1503.58. (Become […]Continue reading «S&P 500»

S&P 500

Continued advances above the 1446.00+/- area have promoted this count to ‘preferential’ status. Basis the most recent rallies, original upside targets to 1483.36 seem too low for a possible finalisation of the entire advance in progress from the June low of 1266.74. Instead, objectives have been raised to 1503.58. Note that this scenario interprets the […]Continue reading «S&P 500»

S&P 500

The S&P is at a critical juncture as original upside targets to 1446.16-46.62 are being approached. Any reversal from here would confirm the end of the entire upswing from the June low of 1267.45 and begin an expanding-impulse decline over the next months finalising a larger 3-3-5 pattern that began from the April ’12 high […]Continue reading «S&P 500»

S&P 500 breaks above the April ’12 high – what’s next?

Back in the beginning of August we changed our preferential count on S&P 500. The main reason was correlation analysis between different stock indices, especially Eurostoxx 50 – at that time, this index required one additional advance to complete its countertrend pattern unfolding from the June ‘12 low.  Usually, it is difficult to predict one […]Continue reading «S&P 500 breaks above the April ’12 high – what’s next?»

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About WTI

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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