WaveTrack International

Elliott Wave Financial Price Forecasting

Cycles

This weekly chart that depicts the larger upswing from the March ’09 low of 666.79 has been incorporated because it emphasizes the cyclic structure of the S&P’s price action. Especially a 62- and a 65-week cycle have been of great value during the last four years as they coincided with important tops. The interesting observation […]Continue reading «Cycles»

S&P 500 weekly forecast

Back in the early 2011 we published this weekly S&P 500 forecast with ultimate upside target measured towards 1833.22. At that time it sounded a bit unrealistic taking into the account that S&P 500 had already made 600 points from the 2009 low. Well, now we are trading around 1790 and that translates into a […]Continue reading «S&P 500 weekly forecast»

S&P 500

The S&P is now approaching ultimate upside objectives to 1740.00+/-. The probability of a reversal from there is deemed very high. An important indication is the price behaviour of European stocks which – formerly outperforming – have been showing signs of waning momentum for the last days. A reversal from 1740.00+/- would prompt a sustained […]Continue reading «S&P 500»

S&P 500 Updated

Intermediate wave (3) that began from the June ’12 low of 1266.74 is shown unfolding into a five wave expanding-impulse sequence, subdividing into minor degree, i-ii-iii-iv-v. In this ‘preferential’ count, wave iii. is shown to have completed at the May ’13 high of 1687.18 followed by wave iv. to 1560.33. Subsequent wave v. is taking […]Continue reading «S&P 500 Updated»

One more push up?

One of our Elliott Wave counts on S&P 500 allows a higher high to trade prior a decline towards 1540.00+/-. This is also suggested by a short-term BUY signal on VIX: However, more and more weakness can be found around other global stock indices, especially Asia. Just a reminder, the latest market commentary (updated twice […]Continue reading «One more push up?»

Trading below the ‘Big Day’

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 […]Continue reading «Trading below the ‘Big Day’»

VIX

The Elliott Wave count on many stock indices are advocating for a reversal sooner rather than later. Vix is supporting this idea – its very close to alower BB line that usually limits the upside potential for strocks.Continue reading «VIX»

S&P 500 is struggling to rebound…

…but should do it as a minor wave b. The very short-term counter-trend rally from 1627.47 is likely to extend towards the ‘4th wave preceding’ area of 1669.51+/- prior to a resumption of the larger downswing in progress from the 1709.67 high. Next subsequent interim targets project to 1581.14 – ultimate objectives to be approached […]Continue reading «S&P 500 is struggling to rebound…»

VIX generates a short-term BUY S&P 500 signal

VIX index has traded back inside Bollinger Bands – statistically such an event generates a short-term buy S&P 500 index signal. Futures market held overnight lows, so a rebound wouldn’t be a surprise from the current price level.Continue reading «VIX generates a short-term BUY S&P 500 signal»

S&P 500 medium-term analysis (Annual Holiday)

Here we go – I am leaving the office for the next two weeks for my annual holidays. It could be that I will miss a lot of action on the market, because it seems that topping process in most of the stock indices is approaching completion. Would like to leave with a bigger picture […]Continue reading «S&P 500 medium-term analysis (Annual Holiday)»

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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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