WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 Daily reversal

A break below the mid-January low now looks inevitable for the S&P. This is an important support level that requires penetration to confirm a final high for intermediate wave (3) at the recent 1850.84 high. There is an increasing probability that the 1850.84 print has now completed the entirety of wave (3) that began from […]Continue reading «S&P 500 Daily reversal»

S&P 500 Weekly

S&P 500 is stretching to incredible overbought levels. Feels like this market is never going to decline more than a few per cents down. Traditional TA indicators are diverging for quite some time, volume declining all the way down from the early 2009. Talking about limits: Shortsideofthelong.com observes that the current bull market after a […]Continue reading «S&P 500 Weekly»

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…»

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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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