WaveTrack International

Elliott Wave Financial Price Forecasting

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

S&P 500

by m.tamosauskas| March 22, 2013 | No Comments

Minor wave ii. two is shown as already having completed at the Nov.’12 low of 1343.35. The implication is that now a five wave expanding-impulse sequence is underway as minute wave 1. Min. upside targets to 1564.10 basis a fib. 161.8% extension of minuette wave [i] have already been approached. A slightly higher target can be measured to 1579.93 by extending waves [i]-[iv] by a fib. 61.8% ratio.

Next week I am taking holiday, so there won’t be blog updates, however EW-Compass will be published as usual – twice a week. Beforehand I would like to wish all of you happy Easter and good luck in a markets!!!

(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

EUR / US$ – bottom?

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

In our latest EW-Compass report published last Friday for our subscribers we noted: ‘Minor wave x. is a correction to the 1.2042-1.3711 advance that unfolded as a single zig zag. Wave x. began from 1.3711 and is shown unfolding into a double zig zag sequence, subdividing into minute degree, a-b-c-x-a-b-c. The first zig zag already completed at the 1.3146 low and was followed by a swift wave x counter-trend rally to 1.3319. Now, a fib-correlative 100% equality ratio between the first and secondary zig zag projects to ultimate downside targets at 1.2770. Shorter-term structure, however, suggests a higher conclusion towards 1.2884-66.’ Today’s actual low was traded at 1.2881 and we immediately recognised it as a reversal signature. Short-term profits can now be protected by placing stop at 1.2919. GL!

(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: Euro / US$

S&P 500 – still searching for a top

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

The S&P is already close to original upside at 1564.10 and the substructure of the advance from 1485.01 suggests one higher high which converges with the 1564.10+/- area but could also extend to max. upside at 1579.93. Seen from the larger perspective, the advance from the Nov.’12 low of 1343.35 is seen as the finalising leg of an ongoing five price-swing sequence that began from the Nov.’12 low of 1343.35. A reversal from 1564.10+/- would initiate counter-trend declines in the weeks ahead, with ultimate downside measured to the fib. 61.8% support at 1423.73.

 (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

Dow at the new all-time high!

by m.tamosauskas| March 6, 2013 | No Comments

Back in December 2010 when Dow was trading at 11500 we have made a forecast for a break to the new all-time high during the next few years. For the record, please take a look at the video we have published in our site: https://www.wavetrack.com/outlook-forecasts-2011.html

Yesterday Dow broke to the all-time high confirming our ‘inflation-pop’ scenario:

During the road to ultimate upside targets there will be lots of bumps and pits. Be a step ahead with Wavetrack International: Become an EW-Compass report subscriber and see how this pattern continues to develop in different time-series.

 

Category: Dow Jones 30

S&P 500 – topping process

by m.tamosauskas| March 1, 2013 | No Comments

Really crazy and volatile week! Some good tips from previous two medium-term tops on S&P 500:

We maintain our bearish outlook for the next few months. Last week’s advance remained below the 1530.94 high – thus, the S&P has set the stage for a downside acceleration that would confirm a larger downswing is in progress as the finalising part of the expanding flat sequence that began from the Oct.’12 high of 1464.02. Ultimate downside objectives to be achieved during the next few months measure to 1326.61-16.35:

However, today we are introducing the secondary alternative count:

This new ‘alternate’ count describes the upswing from the Nov.’12 low of 1343.35 as incomplete and therefore advocates additional upside potential towards ultimate targets at 1564.10 to finalise it. This is based on the assumption of a five price-swing advance from 1343.35 where the 4th wave completed at last week’s low of 1485.01 – now, a finalising 5th to 1564.10 is expected. A break below 1485.01 will revise this forecast:

Lets see what happens today, GL!

Category: S&P 500

S&P 500 – trend is turning down

by m.tamosauskas| February 22, 2013 | No Comments

The sell off from the 1530.94 high has occurred in five waves. Now, a short-term three price-swing rally is expected, followed by a continuation below 1497.29. This would confirm the reversal signature and, thus, the continuation of declines in the next several weeks. Basis a fib. 161.8% extension of the 1530.94-1497.29 sell off, downside support to complete the 1st wave within the larger five wave impulse decline is measured to 1444.40. Ultimate objectives remain towards 1326.61-16.35. An advance above 1530.94 will 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

Apple – the decline remains intact

by m.tamosauskas| February 22, 2013 | No Comments

In 11th of February a short-term setup was presented:

‘Apple Inc. provides an attractive short-term trading setup: the expected counter-trend rebound from the 435.00 price level is unfolding into a double zig zag pattern labelled [a]-[b]-[c]-[x]-[a]-[b]-[c] in minuette degree. Ratio and proportion analysis again provides an excellent roadmap where this advance is expected to complete. Ultimate upside targets are measured towards 478.81-480.53. This is derived by extending the first zig zag sequence by a fib. 61.8% ratio to 480.53 that closely converges with an equality between waves [a] and [c] of the secondary zig zag pattern. A reversal signature would indicate declines to resume larger downtrend towards 411.87. The behavior of this equity during the next several trading session could be a very useful hint for the broader US equity market, since Apple Inc. is a big component in S&P 500 and Nasdaq Composite indices. Good luck!’

An updated chart as of yesterday’s trading session shows that the decline as an ongoing intermediate wave (4) remains in tact:

It has exceeded slightly our original upside targets with a recorded high at 484.94 but no damage have been done to the overall pattern. The advance from the  low of 435.00 is clearly composed of three price-swings (waves). A reversal has been trigered ( and also on global stock indices). The stop price level for this setup is 501.23 – since 4th wave is not allowed to enter into 1st wave’s territory. Good luck!

 

Category: Apple
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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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