WaveTrack International

Elliott Wave Financial Price Forecasting

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)»

New all time high, what’s next?

With a break above the May high of 1687.18, this count has been promoted to ‘preferential’ status. It advocates limited upside potential from current levels towards idealised targets at 1706.52. Await a reversal from there to confirm the completion of the June ’13 advance and initiate declines in the weeks ahead. Ultimate downside is then […]Continue reading «New all time high, what’s next?»

Alternative S&P 500 count

This count will be promoted to ‘preferential’ status should the S&P continue higher and break above the May high of 1687.18. It would trigger immediate upside potential to 1706.52 during the next trading days – a reversal from there would initiate a larger downswing to 1514.43-14.09 in the weeks ahead to finalise the larger ‘expanding […]Continue reading «Alternative S&P 500 count»

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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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