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Elliott Wave Financial Price Forecasting

New record high – S&P 500 Update

by m.tamosauskas| February 24, 2014 | 12 Comments

sp140224

Cycle wave C is in upside progress beginning from the Oct.’11 low of 1074.77. It is taking the form of a five wave expanding-impulse pattern with several degrees of subdivision in its expanding 3rd wave as primary wave 3 that began from the secondary low of 1158.67. Intermediate wave (3) is shown with immediate upside potential to 1900.00+/- prior to a sustained sell-off as wave (4) to the fib. 38.2% retracement at 1629.66+/-.

Comments

12 Responses to “New record high – S&P 500 Update”

  1. Wavetrack International
    April 29th, 2014 @ 7:29 am

    Hello kiran,

    based on this daily S&P 500 chart, the decline as wave 4
    will follow once current advance as wave 3 is completed. We will have to adjust downside targets but not by a big margin.

  2. kiran
    June 6th, 2014 @ 8:44 pm

    Hi,
    Thx for reply. Current level looks like reaching wave 3 top around 1950+ . Do you see any correction from this point?

    As I see from channel drawn from 2009 levels, upside still to 2000+ levels.

    Pls comment.

    Thx

  3. Wavetrack International
    June 10th, 2014 @ 1:35 pm

    Dear Kiran,

    in our latest EW-Compass report, we revised ultimate upside targets for intermediate wave (3). Once completed, wave (4) will follow with a sharp decline. We would like to encourage you to become our EW-Compass subscriber and be always up-to-date in any changes that affect our forecasts.

  4. kiran
    June 11th, 2014 @ 4:12 am

    Thx. I’ll subscribe for this service.

  5. kiran
    June 11th, 2014 @ 4:34 am

    I’ve subscribed , but I didn’t see latest chart as of today. What’s the EW-Compass update cycle?
    Is this weekly?

    Please let me know.

    Thx

  6. Wavetrack International
    June 11th, 2014 @ 6:55 am

    Hi Kiran,
    You will get EW-Compass report twice a week (Wednesday and Friday), so tonight we will publish the latest edition. Despite this however, if there are major price development moves we are always on alert to publish interim reports.

    Welcome! We hope You will enjoy our service!

  7. kiran
    June 11th, 2014 @ 1:23 pm

    Yes. I’ve just started on service. Is there a way I can get email alerts on such major price developments. That would be very helpful.

    Thx

  8. Wavetrack International
    June 11th, 2014 @ 1:42 pm

    Hi Kiran,

    As a subscriber you will get email alerts as part of EW-Compass service. We don’t do that very often, but if there is an unexpected market trend change we always inform our subscribers by publishing additional short report/email alert.

  9. kiran
    June 12th, 2014 @ 8:15 pm

    Hi,
    Your targets are great.

    Today has been perfect day for getting some sort of alert on market direction as it’s huge sell-off.

    But I didn’t receive any alert. Any improvement can be done on this?

    Thx

  10. Wavetrack International
    June 13th, 2014 @ 8:49 am

    Hi Kiran,

    thank you for your nice feedback. Since this conversation got involved into a more product detail, you should contact our service help. We are preparing the EW-Compass product information for you and will send it a little bit later today.

    All the best,
    WaveTrack International

  11. kiran
    June 19th, 2014 @ 4:02 am

    Hi,
    Question on the latest EW-Compass .

    Is today’s price action targeted towards 1972?

    If so please update targets for Intermediate wave 4

    Thx

  12. Wavetrack International
    June 20th, 2014 @ 8:02 am

    Dear Kiran, you should check the EW-Compass and the recent interim update.

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