WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 mid-term trend remains bullish

Despite some sharp price movements, the overall pattern that started in early October ’11 remains incomplete. Cycle wave C’s advance that began the concluding sequence of the larger zig zag from the Oct.’11 low of 1074.77 is shown unfolding into a five wave expanding-impulse sequence, subdividing into primary degree, 1-2-3-4-5. Wave 1 completed at 1292.66 […]Continue reading «S&P 500 mid-term trend remains bullish»

S&P 500 Forecast May 2013 – Daily Chart

Here we are providing the bigger picture which supports our ‘inflation-pop’ scenario (for more details you can always can check the more detailed explanation in our 2013 forecast, a video cut has been published in youtube: VIDEO ). The main difference in this updated version of our daily chart is the restricted downside amplitude of […]Continue reading «S&P 500 Forecast May 2013 – Daily Chart»

S&P 500 is never going down again, do you believe it?

The substructure of the advance from the April low of 1536.03 clearly indicates only a three price-swing rally to current levels. This shifts the probability in favour of this count which has been promoted to ‘preferential’ status. It suggests an expanding flat counter-trend sequence is unfolding from the mid-April high of 1597.35, with wave ‘A’ […]Continue reading «S&P 500 is never going down again, do you believe it?»

S&P 500 – seconadry count becomes primary

Although shorter-term counter-trend declines are due now, Tuesday’s break above 1597.35 has corroborated upside targets to 1634.13 during the next weeks. This would confirm the completion of the entire five wave impulse advance from the Nov.’12 low of 1343.35. A reversal signature from 1634.13+/- would then initiate a sustained correction in the months ahead with […]Continue reading «S&P 500 – seconadry count becomes primary»

S&P 500 – secondary EW count

This is our secondary count for S&P 500 cash index. The strong rally from last week’s low of 1536.03 has increased the probability of this scenario that advocates upside continuation during the next few weeks – a break above 1597.35 would confirm higher targets to 1634.13 to finalise the larger advance from the Nov.’12 low […]Continue reading «S&P 500 – secondary EW count»

S&P 500 – shows weakness

The S&P sold off sharply from its 1597.35 and is now in the process of confirming a reversal signature. The initial decline to 1536.03 unfolded into a five wave sequence – now, a counter-trend three wave upswing is expected prior to downside continuation. Interestingly, the 1536.03 low is very close to a golden ratio cut […]Continue reading «S&P 500 – shows weakness »

S&P 500

Early this week we have extended ultimate upside targets towards 1600+/-. The primary count advocates for an immediate completion of the upswing that started in mid-November’12 however, alternative count supports higher levels prior a counter-trend decline. (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the […]Continue reading «S&P 500 »

S&P 500 – reversal still not confirmed…

S&P 500 cash index needs a break below 1.538.53 to confirm the start of a new downtrend. Overall, the reversal as mentioned seems imminent and hopefully later today we will get a confirmation. Good luck! (Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger […]Continue reading «S&P 500 – reversal still not confirmed…»

Reversal is imminent!

The S&P already has achieved min. upside targets to 1572.63 and the short-term ending-diagonal scenario shown in the last EW-Compass issue would suggest a reversal from current levels to begin a sustained counter-trend decline in the months ahead.  The most recent rally could extend higher towards 1579.93-88.41 during the next trading sessions but its not […]Continue reading «Reversal is imminent!»

S&P 500

Minor wave ii. two is shown as already having completed at the Nov.’12 low of 1343.35. The implication is that now a five wave expanding-impulse sequence is underway as minute wave 1. Min. upside targets to 1564.10 basis a fib. 161.8% extension of minuette wave [i] have already been approached. A slightly higher target can […]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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