WaveTrack International

Elliott Wave Financial Price Forecasting

Stock Index Video Series available now – PART I/III

by WaveTrack International| June 6, 2017 | No Comments

Stock Index Video Series | PART I/III

Stock Index Video Series | PART I/III

STOCK INDEX HIGHLIGHT – Technology Sector leads the way higher!

Includes new SENTIMENT & ECONOMIC INDICATOR STUDIES

For the stock index market 2016 marked the Elliott Wave pattern realignment of Developed Markets (DM’s) and Emerging Markets (EM’s) within the secular-bull uptrend, in what we termed as the grand ‘RE-SYNCHRONISATION’ process. Currently, 2017 has so far been the year where the TECHNOLOGY SECTOR leads the way higher!

Since updating the medium-term outlook for the various indices last December/January, the bullish forecasts have yielded huge gains in just 6-months – the benchmark S&P 500 is up +8.0% per cent but the tech-heavy Nasdaq 100 is up by a massive +19.6% per cent. But can this outperformance last?

Well, that depends on our current location within the SECULAR-BULL-UPTREND. But in order to answer the question, we must first revisit the main themes that we’ve highlighted over the last several years in order to get a fix on the market’s positon.

Three’s into Five’s

Winding the clock back to December ’14, the annual EW video/forecasts for 2015 re-examined the bullish zig zag forecasts that originated back in 2010 which described the S&P 500 approaching a major high towards targets of 2139.37 – the actual high was 2134.72. When we checked the location of other global indices and commodities, we could see that they were still engaged in a decennial advance from the financial-crisis lows that would stretch into the end of the decade. For a major stock market peak to occur, all would need to be aligned, just as they were at the peaks of 2000 and 2007 – but this time they weren’t. This realisation translated itself into the current secular-bull-uptrend schematic for all the major U.S. indices.

Re-Synchronisation

A year later, in December ’15, we could see that Emerging Markets and Commodities were in the final stages of counter-trend declines that originated back at the 2011 peaks. One additional but hefty decline was forecast into early-2016 but then forming a major low, turning around and heading higher to begin the 2nd phase of the INFLATION-POP. This also occurred at the same time major Developed Market indices were ending the largest percentage declines since 2011 – the S&P sank by -15% per cent into the Feb.’16 low. The annual 2016 EW video/forecasts termed the dual corrective lows in Developed and Emerging markets as the grand ‘RE-SYNCHRONISATION’ process. This was a major event that could only be appreciated for its importance from an ELLIOTT WAVE perspective.

When the post-financial-crisis recovery occurred, the developed and emerging markets, even commodities were all aligned in positive correlation. This was maintained until late 2012 when DM indices soared to new record highs whilst EM’s and commodities traded lower. This divergence was a necessary function of each’s specific Elliott Wave pattern development. DM indices were engaged in five wave secular-bull impulse uptrends whilst EM indices and Commodities were adhering to a totally different pattern – an advancing three wave decennial zig zag!

In order to reach their individual upside destinations years into the future, there had to be a period of divergence, where the normalised positive-correlation would break down. How else can a five wave impulse pattern be ‘overlaid’ to a three wave zig zag? At some stage, they will separate before re-synchronising later, and that is exactly what happened during 2011-2016.

Technology Outperformance

The January/February ’16 re-synchronisation means that major DM and EM indices along with commodity markets were set to trend higher, together. This is why global economic growth has made headline news for most of last year, then given another energised prod following Donald Trump’s appointment as President. The news fits the established uptrend!

Those uptrends have continued this year, in 2017 although there has been a marked outperformance in the Nasdaq 100. Which comes back to our question – can it continue? Yes it can, at least until the five wave impulse pattern that began from the Feb.’16 low ends later this year.

Within the secular-bull uptrend, its 3rd wave is approaching upside completion which is expected to complete late-2017/early-2018 so outperformance is expected to be maintained until then. There will be shorter-term retracements along the way though, and these will inevitably cause pockets of underperformance simply because the Nasdaq 100 has a much higher ‘beta’. But there’s safety in knowing the direction of the dominant trend.

Sentiment & Economic Indicator Studies

This latest MID-YEAR 2017 STOCK INDEX video series takes an in-depth look at all these major developments, adjusts and updates price-levels from earlier this year using our proprietary FIBONACCI-PRICE-RATIO methodologies. But we also add some major SENTIMENT & ECONOMIC INDICATOR STUDIES too!

R.N. Elliott recognised that human behavioural excesses often precede or are at least aligned to important reversal-signatures. As a result, in today’s modern era of collective data retrieval, these excesses are often visible in sentiment indicators. The video also takes a look at various measures, the VIX volatility index, NYSE Advance-Decline ratio, the S&P’s COT data, extracts from Bank of America/Merrill Lynch’s latest Fund Manager Survey together with results from AAII’s bullish sentiment survey and Elliott Wave analysis of U.S. Consumer Sentiment and Gross Domestic Product.

It all makes fascinating reading – viewing!

New Stock Index Mid-Year Video Forecast

This MID-YEAR 2017 STOCK INDEX video is like nothing you’ve seen anywhere else in the world – it’s unique to WaveTrack International, how we foresee trends developing through the lens of Elliott Wave and how its forecasts interplay with Cycles, Sentiment extremes and Economic data trends.

We invite you to take this next part of our financial journey with us – video subscription details are below – just follow the links and we’ll see you soon!

Most sincerely,
Peter Goodburn
Founder and Head Elliott Wave Analyst
WaveTrack International

Stock Index – Contents: 46 charts
• S&P 500 + Cycles
• Dow Jones Industrial Average
• Vix Volatility Index
• NYSE Advance-Decline
• S&P 500 COT data
• Bank of America/Merrill Lynch FMS Survey
• AAII Bullish Sentiment
• Consumer Sentiment
• US GDP data
• Nasdaq 100
• Russell 2000
• KBW Banking Index
• XLK Technology
• XLY Consumer Discretionary
• XLE Energy
• NDX-BioTech
• Eurostoxx 50
• Xetra Dax
• FTSE-100
• MSCI Emerging Market
• MSCI BRIC
• Bovespa
• Russia RTS
• Nifty 50
• MSCI China
• Shanghai Composite
• China Enterprises
• MSCI Hong Kong
• Hang Seng
• Singapore Straits
• ASX 200
• Nikkei 225

How can you order the new STOCK INDEX video forecast?

PART I Stock Indices VIDEO is available now, at only $48.00! (1 hour 50 mins long)

We’ll send you a personal link so that you can watch the video, anytime at your convenience.

And if you’d like to subscribe to the up-coming COMMODITIES & CURRENCIES videos in PART II & PART III, you can receive ALL THREE for $96.00! – that’s a saving of 33% per cent!

• Single Video – $48.00
Triple Package offer – $96.00 (saving 33%)!

CONTACT US NOW VIA EMAIL – SELECT YOUR PACKAGE

Single Video – $48.00 – PART I STOCK INDICES (June ’17)
Triple Package offer – $96.00 (saving 33%)! – PART I – PART II – PART III (June – July ’17)

  • Each video runs for at least 1 hour 20 minutes and it’s packed with SPECIFIC Elliott Wave price-forecasts (the Stock Index Video is already 1 hour 50 mins. long!).
  • BONUS! Each of the 46+ charts illustrated in the VIDEOS will be created into a .pdf document/report and sent to you so that you can always keep these to refer to!
  • PARTS II & III will be available in a few weeks’ time (June/July 2017!) – we’re working on it!

    HOW CAN YOU RECEIVE THE VIDEO FORECAST?
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    EUR/USD CORRECTION CONFIRMS LARGER UPTREND INTACT

    by WaveTrack International| May 31, 2017 | No Comments

    GOLDEN-SECTION PHI IN EUR/USD CORRECTION!

    There was a noticeable increase in short-covering of G4 currencies against the US$ dollar towards the end of last week (basis the latest IMM positioning reports). The aggregate USD dollar long positioning declined to a new multi-month low at $7.5bn. Meanwhile, the Euro remained the most net-long currency at €9.1bn, a new multi-year high.

    When figures like this occur for the Euro, a check on the underlying Elliott Wave pattern progression is useful in determining direction and whether a contrarian bearish stance is appropriate.

    The EUR/USD has driven higher since January’s low traded at 1.0341 into last week’s high at 1.1268. No wonder traders have covered shorts in the Euro and are now net long – that’s a huge move.

    But is the 1.1268 high the end of this advance, or just part of a new uptrend?

    EUR/USD - 30 mins.

    EUR/USD – 30 mins.

    One thing for sure, last week’s decline from 1.1268 has just completed unfolding into a corrective zig zag pattern to 1.1109 – see fig #1. Labelled in minuette degree, [a]-[b]-[c] and subdividing 5-3-5, the zig zag can be ‘proofed’ using fib-price-ratios – for example:

    Wave [a] x 61.8% -1.1170 = wave [c] @ 1.1108+/-

    The actual low at 1.1109 was only 1 pip deviation! – the fib. 61.8% extension ratio marks the location of the ‘golden-section’ phi

    Two observations can be derived from this zig zag. First, it confirms the EUR/USD remains within a larger uptrend despite the current long-positioning extreme revealed in the IMM reports. Second, as the Euro/US$ is somewhat overbought basis the IMM stats, this zig zag could easily neutralise this excess by continuing to decline into a deeper double zig zag pattern, breaking below 1.1109.

    To extend the current zig zag into a double pattern, wave [x] resistance must be maintained below the 1.1268 high. And preferably below Tuesday’s high of 1.1205 which happens to be a test to the fib. 61.8% retracement level of the preceding zig zag.

    The probability of extending lower, below 1.1109 outweighs a more immediate attempt to higher-highs – but conditional on remaining below nearby resistance.

    Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

    Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

    Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

    Visit us @ www.wavetrack.com and subsribe to our latest EW-COMPASS report!

    GDXJ-Junior Gold Miners – ZIG ZAG PERFECTION

    by WaveTrack International| May 26, 2017 | No Comments

    GDXJ Junior Gold Miners - 120 mins.

    GDXJ Junior Gold Miners – 120 mins.

    GDXJ-Junior Gold Miners ZIG ZAG PERFECTION! – GDXJ ENDS CORRECTION INTO $29.33 LOW

    Towards the end of last February, the 27th to be exact, we posted an update of the GDXJ-Junior Gold Miners ETF showing how it had just ended a strong 5-wave impulse upswing at $43.01 from December’s low. This was providing confirmation of upside continuity in the future. In fact, this initial five wave impulse was simply the beginning of a much larger, multi-year uptrend – a 1st wave.

    But before that can continue, in compliance with Universal Law, action must be followed by reaction. In the GDXJ’s case, a counter-trend decline must begin to unfold. R.N. Elliott’s guideline is that a correction commonly returns to the area of ‘fourth wave preceding degree’ which is around the $36.08 area – see chart. Whilst corrections can end into this minimum area, they can also extend beyond, or lower. This all depends on the depth of the preceding fourth wave in relation to the fifth and the labelling of the preceding impulse.

    In this specific case, the GDXJ was beginning a correction as a 2nd wave. Yet, 2nd waves are notorious for unfolding far deeper than simply levels at fourth wave preceding degree. Anticipating such declines are really dependent on how the initial stage of the correction unfolds. If declining into a five wave pattern as it did to $32.66, then we already know that another deeper part of this correction is taking place, eventually taking the form of a 5-3-5 zig zag.

    Why Fib-Price-Ratios are the key to forecast termination levels for Zig Zag Patterns

    This is where fib-price-ratios are crucial in measuring the termination level of the zig zag. There are various ways to accomplish this but one of the most common ratios is well-known – where waves ‘a’ and ‘c’ measure to quality, or by a fib. 100% correlative ratio. As you can see from the chart, this was zig zag perfection because this ratio projected a terminal low to $29.29+/- with the actual low coming-in at $29.33!

    The $29.33 low as this 2nd wave was also testing the fib. 85.4% retracement of its 1st wave predecessor [100-14.58 = 85.4]. When pattern meets fib-price-ratios and prices respond by trading higher afterwards, it confirms a ‘reversal-signature’ or a trend reversal. And so in terms of probability, this set-up is about as good as it gets – risk-reward is excellent basis negation below 29.33 – the prevailing, dominant uptrend is expected to resume higher now.

    Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

    Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

    Keep tuned for more updates!

    Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

    Visit us @ www.wavetrack.com and subsribe to our latest EW-COMPASS report!

    APPLE INC. – Hold or Sell? Learn more why Fib-Price-Ratios might be the key!

    by WaveTrack International| May 22, 2017 | No Comments

    Apple Inc. (APPL) has outperformed over the last year. And only last week, the stock price for Apple reached a record high at 156.65. Apple’s share price is now moving ever so close to our last May’s upside target of 157.23+/-. In May 2016 the price was still trading at 96.43 representing a gain of +62.44% per cent.

    But does the fact that prices have traded into fib-price-ratio upside targets mean the five wave expanding-impulse pattern that originated from the April ’13 low of 55.01 has already completed primary wave 5?

    The answer is no.

    APPLE INC. - Elliott Wave Forecast 24th May 2016

    APPLE INC. (AAPL) – Forecast 24th May 2016

    If you take a closer look at intermediate wave (5)’s advance from the May ’16 low of 89.47, you’ll notice only a three wave subdivision within the advance to last week’s high. Yes, a smaller fourth wave retracement would necessitate a shorter-term decline continuing in the weeks ahead. This would indicate that the next price development will probably go down towards the fib. 23.6% retracement area at 142.24 or 38.2% to 132.75 but afterwards, a fifth wave advance to higher-highs! Aren’t Fibonacci price ratios amazing?

    APPLE INC. - Result! 22nd May 2017 - 1 year later!

    APPLE INC. – Result! 22nd May 2017 – 1 year later!

    Apple Inc. – Forecast May 2016 and phenomenal Result in May 2017!

    APPLE INC. - Elliott Wave Forecast 2016 - RESULT! 2017

    APPLE INC. – Forecast 2016 – RESULT! 2017

    Compare the charts again – it is easy to recognise that the Elliott Wave forecast for Apple Inc. is yet another example reason why you should find out more about Fib-Price-Ratios! Ready?

    Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

    Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

    Keep tuned for more updates!

    Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

    Visit us @ www.wavetrack.com and subsribe to our latest EW-COMPASS report!

    Reversal-Signature and Price-Rejection – The Golden Rule

    by WaveTrack International| May 5, 2017 | 3 Comments

    Many of our clients asked us over the years how WaveTrack defines a ‘reversal-signature’? And, when do we know that a ‘price-rejection’ takes place? As this is indeed a crucial factor in understanding the ‘golden rule’ of Elliott Wave trading we wrote this short excerpt to give you a quick insight on this important topic.

    In short, a ‘reversal-signature’ follows the initial ‘price-rejection’ from a pre-determined fib-price-ratio measurement target level.

    Reversal-Signature Measurements

    The reversal-signature commonly consists of a 12-15% swing in the opposite direction as measured from the beginning of the preceding pattern. For example (see fig #1) the decline for the S&P began from 1370.58 with downside projection to 1074.82…total 295 points…

    S&P 500 - Reversal-Signature

    S&P 500 – Reversal-Signature

    The price-rejection occurred at 1074.77 (see fig #2). This takes a 15% value of 295 points (44 points plus 1074 = 1118.00). As a result, an attempt to this level would be indicative of a reversal-signature.

    Furthermore, this would be corroborated if a preceding high would be broken, and/or the upswing develops into a five wave sequence. However, the 12-15% levels are a guideline only though but they can be accompanied with more conventional reversal patterns such as – key reversal, closing reversal, island reversal plus more from the candlestick charts such as ‘bullish-engulfing’, bullish-hammer’, ‘morning star’ etc.

    S&P 500 - Price-Rejection

    S&P 500 – Price-Rejection

    But the ‘golden rule’ is to await price-rejection then a reversal-signature before taking a position in the opposite direction. If you are neutral heading into a transition/reversal point, ensure you see some form of price rejection at or close to the pre-determined price area. This increases the probability that the pattern identified is correct. So that as a result your trading position can be adequately protected beyond the price extremity that ended the pattern.

    Here are more examples on the topic of ‘Reversal-Signatures’ and ‘Price-Rejections’ (see links):

    Flash Crash (see fig #4)
    Gold-Silver News Alert

    Learn more how to determine Fibonacci-Price-Ratios to prepare for ‘Reversal-Signatures’!

    Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

    Keep tuned for more updates!

    Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

    Visit us @ www.wavetrack.com

    Platinum-Silver – Positive Correlation – Correction approaching Completion

    by WaveTrack International| May 2, 2017 | No Comments

    Platinum-Silver Positive Correlation

    February’s Correction Approaching Completion

    Silver has given back all of the March/April gains! This is somewhat surprising because this advance from $16.83 to $18.66 appears to have unfolded into a five wave expanding-impulse pattern. It neither confers the subsequent decline (as a correction to this preceding upswing now that it has traded below $16.83 to $16.80) – nor can this same five wave impulse be subsumed into the preceding upswing from last December’s low. At least not without bending a few Elliott Wave guidelines!

    Yet, had the $16.83-$18.66 advance unfolded into a three wave pattern instead of a five, all would be revealed! The overall corrective pattern from the earlier February high of $18.55 would simply be labelled as an expanding flat (with downside targets towards min. $16.60+/-, $16.46+/- or max. $16.23). This has been derived by extending the initial decline into the March low of $16.83 by either of three fib-price-ratios, 14.58%, 23.6% or 38.2%. But is that the answer?

    Platinum-Silver Positive Correlation

    A comparative look at Platinum is useful because it holds a high-positive-correlation with silver – see fig #1.

    Platinum vs. Silver Bullion - Correlation - Daily

    Platinum vs. Silver Bullion – Correlation – Daily

    Silver’s corrective decline does not conform to the required 3-3-5 subdivision of an expanding flat from February’s high (more akin to 3-5-5). Yet, platinum seems to offer an explanation! Because it is justifiably unfolding into a more simplified but corresponding zig zag pattern, i.e. 5-3-5 from February’s high. As a result basis fib-price-ratios, its zig zag has further downside potential before completion – see fig #2.

    Platinum Bullion - Forecast! - 360 mins.

    Platinum Bullion – Forecast! – 360 mins.

    If in doubt – Think Pattern

    However, this seems to indicate that silver has indeed unfolded into an equivalent expanding flat! Irrespective of subdivision irregularities, the expanding flat is geometrically accurate in its basic form. See fig #3.

    Flat - Expanding - Corrective Pattern (c) WaveSearch

    Flat – Expanding – Corrective Pattern (c) WaveSearch

    How to apply Fibonacci-Price-Ratios?

    Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

    Keep tuned for more updates!

    Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

    Visit us @ www.wavetrack.com

    AUD vs USD – Precision Target missed by 1 pip

    by WaveTrack International| March 9, 2017 | 2 Comments

    AUD vs USD – Fibonacci Trading and Elliott Wave

    Fibonacci-Price-Ratios (FPR’s) form an integral part of WaveTrack’s Elliott Wave process of identifying reversals in major markets. We catalogued and archived several hundred examples of how fib-price-ratios. Using these Fibonacci-Ratio measurements in a systematic way will help to identify a pattern’s completion and a subsequent change of direction/trend.

    Elliott Wave and Fibonacci-Price-Ratios

    Each of R.N. Elliott’s 13 patterns has a short-list of accompanying fib-price-ratios that recur with high frequency. Therefore, using this standard approach requires discipline. But it’s definitely worth the effort in learning them because they provide you with an edge which will improve your trading.

    AUD vs USD Forecast Fibonacci Price Ratio Example

    Coming back to the AUD vs USD example – the target our Fib-Price-Ratios (FPR’s) gave us was 0.7744+/- a Golden Ratio measurement of 61.8% (see chart).

    AUD vs USD - Forecast 25th January 2017 - Result!

    AUD vs USD – Forecast 25th January 2017 – Result!

    When you work with a precision target projection for the AUD vs USD at 0.7744+/- you can certainly live with the fact that it was missed by 1 pip! The mathematical probability to project targets between 1-3 pips of deviation is infinitesimal – meaning totally impossible! Unless the ratio’s used are in sync with greater mathematical laws. These laws are what WaveTrack has studied in the last 30 years. They are more than fascinating!

    As a result the AUD vs USD Forecast testifies to the value of fib-price-ratio measurements that, correctly applied, can sharpen the awareness in terms of pattern/price-convergences. Only too often we see that patterns terminate at important fib-price-ratio support/resistance levels. This is an invaluable clue for someone trying to figure out the structure of a pattern. Hence, this is what we call the next level of Elliott Wave!

    How to apply Fibonacci-Price-Ratios?

    Watch our Fib-Price-Ratio video to see how these measurements are applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

    Keep tuned for more updates!

    Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

    Visit us @ www.wavetrack.com

    USD/JPY – Hits Corrective Downside Target within 3 Pips!

    by WaveTrack International| March 2, 2017 | No Comments

    US$/JPY – Hits USD/JPY - Corrective Downside Target within 3 Pips! – How was this Possible?

    US$/JPY – Hits USD/JPY – Corrective Downside Target within 3 Pips! – How was this Possible?

    USD/JPY – FOREX SPOTLIGHT

    How is this possible?

    Click here to Watch WaveTrack’s latest FIBONACCI PRICE RATIO TUTORIAL

    1) US$/JPY – Hits Corrective Downside Target within 3 Pips! – How was this Possible?

    1) US$/JPY – Hits Corrective Downside Target within 3 Pips! – How was this Possible?

    ANSWER – USD/JPY Fibonacci Perfection!

    3 Wave Zig Zag 114.95-111.69 – Resumes Uptrend

    USD/YEN Answer - Fibonacci Perfection! 3 Wave Zig Zag 114.95-111.69 – Resumes Uptrend

    Answer – Fibonacci USD/JPY – Perfection! 3 Wave Zig Zag 114.95-111.69 – Resumes Uptrend

    Click here to Watch WaveTrack’s latest FIBONACCI PRICE RATIO TUTORIAL

    Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

    Visit us @ www.wavetrack.com

    SP500 – Successful Cycle Forecasts

    by WaveTrack International| February 21, 2017 | No Comments

    SP500 - Cycle forecast and Result!

    SP500 – Cycle forecast and Result!

    S&P 500 – Happy Anniversary

    S&P 500 Forecast from last year’s reports! January/February 2016

    This exact time last year, our analysis for the benchmark SP500 forecast January 2016 to begin with a significant decline that was due to extend a multi-month, double-digit percentage correction (that began from the May ’15 high). Our proprietary daily composite cycle seemed to confirm this indicating a sharp decline ahead, lasting throughout January and into an important low due in February ’16 – see fig #1.

    As we now know, that proved correct with the S&P 500 declining from 2038.00 down to the Feb. 11th low at 1810.10. Soon afterwards, we issued a major buy signal dt. February 17th ’16 that forecast the beginning of a new uptrend that would ultimately break levels into new record highs – see fig #2.

    S&P 500 - Forecast 2016 and Result Now!

    S&P 500 – Forecast 2016 and Result Now!

    Original upside targets for intermediate wave (3) were towards 2239.02+/- but basis EW-Pattern development, current upside targets are much higher now!

    The composite cycle looked like this last November (2016) ahead of the U.S. Presidential election – see fig #3. It successfully indicated the S&P 500 was again forming the completion of a corrective decline with trend preparing to resume its upward trend again.

    SP500 - Composite Cycle in November 2016 ahead fo Trump Election Win!

    SP500 – Composite Cycle in November 2016 ahead fo Trump Election Win!

    Composite Cycle Update for the SP500 to be published in the EW-Compass Report – late Feb./early March 2017

    We’ll be updating this composite cycle in this week’s report as we expect more important changes coming through into late-February/early March!

    In the meantime, watch/listen to Peter Goodburn’s forecasts from this period last year. In his interview with Dale J. Pinkert of FXStreet.com, Peter expands on his forecasts for the S&P 500 approaching a major low plus some other insights on currencies and commodities.

    FX STREET INTERVIEW – with Dale Pinkert – 14th January 2016

    Ensure you’re tracking our forecasts – subscribe online or contact our ‘help-desk’ located at the top of wavetrack.com for institutional products and services.

    Visit us @ www.wavetrack.com

    S&P500 – Don’t Get Distracted! Uptrend Intact!

    by WaveTrack International| January 26, 2017 | No Comments

    Elliott Wave Confirms Continued Gains

    S&P500 - Forecast 4th January - RESULT! 25th January 2017

    S&P500 – Forecast 4th January – RESULT! 25th January 2017

    Don’t Get Distracted! Uptrend Intact!

    Despite negative press over the weekend with commentators and analysts warning the ‘Trump-trade’ had ended with stock markets heading for sizable declines, Elliott Wave analysis has again cut through the preconception ‘noise’ with a very bullish ‘call’ earlier this month.

    December’s decline was always expected to unfold as a ‘counter-trend’ sequence within the more dominant uptrend as the S&P500 proved when the sell-off unfolded into a double zig zag pattern ending year-end at 2228.00 (futures). Yesterday’s activity (Tuesday Jan.24th) confirmed the prevailing uptrend with a break into new record highs.

    We expect much more from this in the weeks ahead!

    MORE ELLIOTT WAVE INSIGHTS – to STOCK INDICES, COMMODITIES and CURRENCIES are published in WaveTrack’s latest VIDEO SERIES

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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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