WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500

by m.tamosauskas| October 10, 2012 | No Comments

The sell off from last week’s high of 1470.96 has greatly increased the probability for the contracting-symmetrical triangle scenario. This means the S&P should remain within the range between the 1474.51 high and the 1430.53 low during the next several trading days before it stages one finalising advance to original upside at min. 1487.87 or max. 1515.71 to complete the entire upswing from the June low of 1266.74. Only a break below 1430.53 would trigger additional downside potential to 1409.06.

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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