WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 Forecast May 2013 – Daily Chart

by m.tamosauskas| May 17, 2013 | No Comments

01_sp130517

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 the shorter-term downswing labelled as minor wave iv. Previous daily updates had shown downside potential to 1481.62, but the more recent development of the Nov.’12 advance from 1343.35 suggests a more limited sell-off to idealised targets at the 1535.00+/- from current levels or even 1550.00+/- should the S&P continue towards 1690.00+/- during the next weeks. The general frame, however, remains consistent with previous daily updates advocating an upswing during the next several months with ultimate targets measured to 2239.02. A decline below 1343.35 would revise this forecast.

 (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

Gold and Silver price analysis

by m.tamosauskas| May 15, 2013 | No Comments

Please watch this video for a long and medium-term Elliott Wave outlook of gold and silver price development. This presentation 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:

Gold and Silver <- on youtube.com

Category: Gold

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

by m.tamosauskas| May 10, 2013 | No Comments

01_sp130510

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’ ending at 1536.03 and wave ‘B’ at current levels. A reversal from here would thus initiate wave ‘C’ declines in the next several weeks ahead, with ultimate downside measured to 1482.87. Anacceleration above 1636.83 will revise this forecast – in this case, refer to count #2.

 (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

S&P 500 – seconadry count becomes primary

by m.tamosauskas| May 3, 2013 | No Comments

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 idealised downside measured to 1481.62 basis a fib. 50% retracement. An immediate decline below 1536.03 would negate upside targets to 1634.13.

Category: S&P 500

Eurostoxx 50

by m.tamosauskas| April 26, 2013 | No Comments

The advance from the April low of 2542.10 appears to be impulsive in nature. This increases the probability of an upside continuation during the next weeks and therefore promotes this count to ‘preferential’ status. It describes the counter-trend correction in progress from the 2754.80 high as unfolding into an expanding flat pattern – current rallies are labelled as wave ‘B’ within this sequence, with upside potential measured to 2807.54. Once achieved, await a reversal signature to confirm the finalising price swing with downside targets to 2465.25. This forecast is revised only by immediate declines below 2542.10.

 (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: Eurostoxx 50

S&P 500 – secondary EW count

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

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 of 1343.35. A subsequent reversal from 1634.13+/- would then begin a sustained counter-trend decline in the months ahead. This count is revised below 1536.03.

(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

S&P 500 – shows weakness

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

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 basis the original interim objectives at 1495.02. This suggests that the pattern labelled as minute wave 2 is going to unfold into a double zig zag sequence instead of a single type with the first zig zag projected to complete at 1495.02 and the secondary at ultimate targets to 1435.18, the fib. 61.8% retracement of the preceding 1343.32-1597.35 advance. A break above 1597.35 would revise this forecast – see fig. #2.

 (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

S&P 500

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

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 larger time-series).

Category: S&P 500

S&P 500 – reversal still not confirmed…

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

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 time-series).

Category: S&P 500

Reversal is imminent!

by m.tamosauskas| April 3, 2013 | No Comments

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 necessary. This area is measured by a fib. 61.8% extension of the 1343.35-1485.01 range and a fib-correlative 61.8% ratio of the 1485.00-1563.62 rally added to the mid-March low. Thus, although the S&P is at a general juncture point, the reversal area is hard to determine as the fib-price-ratio measurements allow for a completion of the entire Nov.’12 upswing at current or plus one per cent levels. A break below 1538.57 would in any case confirm the larger counter-trend decline is underway.

Category: 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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