WaveTrack International

Elliott Wave Financial Price Forecasting

Don’t miss the upcoming FREE WEEK!

by m.tamosauskas| June 19, 2013 | No Comments

FREE_WEEK_announcement

Don’t miss the chance to check the EW-Compass report for free and decide if it is suitable for your trading/investing style! The EW-Compass report is published twice a week, Monday & Thursday and focuses on identifying & forecasting short-term price trends and reversal levels for many of the major markets including stock indices, bonds currencies and commodities. Our EW analysis utilises a combination of three differing aspects to compliment the wave counting process – ‘ratio & proportion’, positive/negative correlations & cycles – each contribute to the pattern building process. Next week, beginning from 26th of June we are announcing a free access to this report!

Please register here: pre-registration for the EW-Compass Free Week starting on 26th June 2013.

P.S.: You will receive an email informing you when you can login on the 26th June 2013!

Subscriptions to the EW-COMPASS report include:

  • Elliott Wave updates published twice weekly illustrating short-term perspectives for the major markets
  • contracts covered each week will typically include selections from this list: S&P 500, Dow Jones, Nasdaq Comp., EuroStoxx 50, Ftse 100, Nikkei 225, Hang Seng, Seoul Composite Index (Kospi), S&P CNX Nifty 50, US10yr yield, De10yr yield, US$ Dollar Index, US$/GBP, Euro/US$, US$/Yen | Gold, Silver & Crude Oil
  • username & password access to the EW-COMPASS system to view all charts online
  • contracts combine various asset classes from differing locations – USA, Europe & Asia
  • each report shows breakdown of each asset class for individual selection or select scroll-through in sequence
  • large viewing area for each chart plus easy to read descriptive text
  • ‘right-click’ functionality to select different contracts, time-periods and ‘alternate counts’
  • tutorial charts depict the main pattern unfolding for each chart/forecast + permutations
  • download each report in .pdf format
  • print/download individual charts
  • video presentations clarifying specific contract correlations when they occur
  • Access to archived reports
Category: Uncategorized

S&P 500 mid-term trend remains bullish

by m.tamosauskas| June 14, 2013 | 4 Comments

01_sp130614

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 and was followed by wave 2 declines to 1158.67. Subsequent wave 3 advances are in progress, subdividing into a visible (1)-(2)-(3)-(4)-(5) sequence of intermediate degree. Ultimate upside objectives for cycle wave C are projected to 2239.02 by a fib. 161.8% extension of the initial 1-2-1 sequence (1074.77-1422.38).

Category: S&P 500

US$ Index confirms Ending diagonal pattern!

by m.tamosauskas| June 12, 2013 | No Comments

11_$indx130607

The ending-expanding diagonal as minute wave c completed minor wave d. within a multi-year, range-trading triangle pattern. This suggests a downswing for the next months as wave e. of the triangle will unfold. Minute wave c subdivided into minuette degree, [i]-[ii]-[iii]-[iv]-[v], with wave [ii] retracing a fib. 85.4% ratio of wave [i] and wave [iv] about 50% of wave [iii]. A fib-correlative 61.8% ratio of wave [iii] added to the end of wave [iv] measures close to the achieved high of 8449, which adds evidence to a possible completion there.

Category: US$ Index

Stlg/US$ – resumes the larger uptrend!

by m.tamosauskas| June 7, 2013 | No Comments

13_$stlg130607

For some it was quite hard to imagine this count, but here we go – a break above gives us more confidence it’s resuming its larger uptrend! Sterling quickly exceeded upside resistance at 1.5439 and has thus validated a successive 1-2-1-2 sequence from the 1.5008 low with 3rd of 3rd acceleration now in progress. This should restrict counter-trend declines to small amplitudes and spark additional upside in the months ahead. Basis the larger perspective that projects upside to 1.8750+/- during the next several months, a golden cut projects interim targets to 1.6223 for the initial upswing from 1.4832.

Category: Stlg/US$

Nikkei 225 – temporary oversold

by m.tamosauskas| June 5, 2013 | No Comments

10_nikkei130605

The Nikkei sold off sharply during the last days and is now already approaching downside objectives towards 12835.66. This swift decline puts a completion of the entire counter-trend sequence from the 15942.60 high into doubt. It seems more likely that the 15942.60-12835.66 decline will constitute only the first part of a more complex downswing that will continue towards 11220.07 in the months ahead. A reversal signature from 12835.66 thus is expected to initiate wave ‘X’ counter-trend advances with idealised targets to the fib. 61.8% resistance at 14673.70. A continuation higher that would exceed the May high of 15942.60 cannot be ruled out at the moment but is deemed less likely.

Category: Uncategorized

US$ Index – possible ending diagonal

by m.tamosauskas| May 31, 2013 | No Comments

11_$indx130531

With additional declines during the latter half of last week, the US$ index has significantly raised the probability of downside continuation in the months ahead as it confirmed a reversal signature from the 8449 high. This validates the completion of an ending-contracting diagonal that began at the Sep.’12 low of 7860 and initiates a five wave downswing with measured targets to 7831. Cutting the 8449-7831 range by the golden section, interim downside objectives are measured to 8208.

Category: Uncategorized

Wondering about the bigger picture?

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

Check out the latest ‘inflation-pop’ update here.

02-tutorial-pattern--23-p+2-ns-r1-0-preview

Category: Uncategorized

Eurostoxx 50 drops in five wave sequence

by m.tamosauskas| May 24, 2013 | No Comments

eurostoxx_130524

Very short-term aspect, but very important in our opinion. Eurostoxx 50 declined in a five wave sequence from yesterday’s high – suggesting the larger declines have resumed. The following counter-trend rebound is expected to unfold into a single zig zag and once completed, acceleration to the downside is expected.

Category: Eurostoxx 50

Stock market commentary

by m.tamosauskas| May 23, 2013 | No Comments

The S&P’s upside progress from the mid-November low of 1343.35 describes an Elliott Wave five wave impulse pattern approaching completion. Two fib-price-ratio measurements are used to define its completion – first, extending waves 1-4 by a fib. 61.8% ratio projects to 1668.68; this has now been surpassed during the last couple of days – second, a fib. 61.8% correlative ratio of waves 1-3 added to the 4th wave low of mid-April projects wave 5 to 1693.83. With the 3rd wave already designated as the ‘extended’ sequence of the larger impulse advance, the 1693.83 calculation should be enough to terminate the 5th wave. Slight deviations may occur but we await price rejection and a subsequent reversal signature before confirming a counter-trend decline is underway. A return back to 4th wave ‘preceding degree’ would be appropriate as this converges with the fib. 38.2% retracement level towards 1550.57. This represents a depreciation from the high of about -8.5% per cent. The Dow’s equivalent 5th wave advance now measures exactly as its 1st wave although it could trade slightly higher before joining the S&P reversal. Interestingly enough, our European benchmark the Eurostoxx 50 by comparison has gained little beyond its 3rd wave high of late January and appears precariously top-heavy as if awaiting its counterparts to complete into measured highs before beginning a larger counter-trend decline. In Asia, the Hang Seng remains below its January high and is delicately poised to resume its counter-trend decline. The Nikkei rolls ahead but our maximum measured upside target towards 16488.75 for the completion of its five wave advance from last June’s low of 8238.96 could fall short if the S&P begins an immediate reversal.

Category: Uncategorized

Silver – probably the biggest opportunity in commodities right now!

by m.tamosauskas| May 21, 2013 | 1 Comment

silver130521

A major liquidation sell-order was received by the major bullion houses in early Asian trading that resulted in silver prices staging a sharp decline in early trading Monday having closed last week at 22.40 with prices tumbling to a low at 20.17.

The low at 20.17 has ‘spiked’ straight into the downside targets that measured to 20.37. The re-action afterwards was an immediate reversal upswing with current levels trading at 21.38. Such action is commonly associated with a reversal, and the fact that it has occurred into the target zone suggests the decline has completed.

Reminder: watch this video that shows the long and medium-term Elliott Wave outlook for WaveTrack’s gold and silver price development forecast. It provides insights to the five wave impulse advance development from the October 2008 lows updating its current location within the trend and explains how recent declines in April 2013 fit into the larger picture.

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

Category: Gold, Silver
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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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