WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| October 18, 2013 | No Comments

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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 decline in the months ahead, with ultimate downside measured to 1540.00+/-. Failure to reverse from 1740.00+/- could extend upside to the upper boundary line of the ending-diagonal that measures to 1750.00+/-.

Category: S&P 500

S&P 500 Updated

by m.tamosauskas| October 11, 2013 | No Comments

01_sp131011

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 the shape of an ending-expanding diagonal pattern – upside targets are measured to 1740.00+/- by a fib. 61.8% extension of the finalising 4-5-4-5 sequence.

Category: S&P 500

One more push up?

by m.tamosauskas| October 4, 2013 | No Comments

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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:

VIX10004

However, more and more weakness can be found around other global stock indices, especially Asia.

Just a reminder, the latest market commentary (updated twice a week and absolutely for free) including all asset classes can be found in front of our main website: https://www.wavetrack.com/

(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: S&P 500, VIX

Alcoa

by m.tamosauskas| September 27, 2013 | No Comments

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We’d have announced our new bonus programme for the EW-Compass report. At the end of each month, an additional Elliott Wave chart will be added to the report selected from our institutional EW-Forecast database. This may highlight a current theme or chosen to corroborate the prevailing trend of any stock index, equity, bond, currency or commodity, but its primary essence will be to illustrate the pattern’s adherence to the application of fib-price-ratios. These are integral in the attempt to count Elliott Waves correctly, in an objective way and without random subjectivity that is the result of human pre-conception.

From the beginning of October, U.S. companies will report their 3rd quarter results as the earnings season kicks in! Alcoa Inc. traditionally starts the roll-call and so we’ve decided to add this equity to begin the bonus programme in order to get an impression of its trend and to see if it has any relationship to the underlying market.

We hope you enjoy this new bonus chart – please don’t forget to send us your comments as we continue to explore the inherent geometric ratio and proportion qualities contained within the Elliott Wave Principle!

(Become an EW-Compass report subscriber to see full analysis for this equity)

Category: Alcoa

Trading below the ‘Big Day’

by m.tamosauskas| September 25, 2013 | No Comments

INDU

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 to trigger a SELL signal. Moreover, bearish counts for many global stock indeces (FTSE, Nikkei, Nifty 50, Emerging markets and so on) were not invalidated by that spike up and the upcomming downside characteristics will determine the wave pattern develpment.

Category: Dow Jones 30, S&P 500

Big Day!

by m.tamosauskas| September 18, 2013 | No Comments

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A big day is expected to be today with a FED minutes to be released just a few hours away…What can we expect in a U.S. stock market? Can it spike up or will it immediatly will roll down? Based on our primary Nasdaq Composite Elliott Wave count markets are poised to a sharp decline. We will know more by the end of the day.

Category: Nasdaq Composite

VIX

by m.tamosauskas| September 13, 2013 | No Comments

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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.

Category: S&P 500, VIX

Nasdaq – 100

by m.tamosauskas| September 11, 2013 | No Comments

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Whilst some stock indices are clearly advancing in a corrective sequences, Nasdaq 100 is just about to finish its advance that began from the Aug ’11 low of 2034.92. Primary wave 1 that dates back to that low unfolded into a five wave expanding-impulse pattern, subdividing into intermediate degree, (1)-(2)-(3)-(4)-(5). Wave (5) from the June ’12 low of 2443.92 constitutes the most important measure to gauge the overall situation of global stock indices in general. This is because this upswing has taken the shape of an ending-contracting diagonal sequence that implies a sustained counter-trend decline in the subsequent weeks. This diagonal is corroborated by the fact of almost perfect three wave subdivisions (as is required for an ending type) and fib-price-ratio measurements.

Category: Nasdaq 100

S&P 500 is struggling to rebound…

by m.tamosauskas| August 30, 2013 | No Comments

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…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 during the next several weeks remain towards 1524.64-20.33. The revision level remains at 1709.67.

Category: S&P 500

VIX generates a short-term BUY S&P 500 signal

by m.tamosauskas| August 29, 2013 | No Comments

VIX

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.

Category: S&P 500
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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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