{"id":36674,"date":"2013-03-06T21:06:48","date_gmt":"2013-03-07T02:06:48","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=36674"},"modified":"2013-03-10T21:33:14","modified_gmt":"2013-03-11T01:33:14","slug":"final-stages-of-the-advance-on-sp-500-the-wave-pattern","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/03\/06\/final-stages-of-the-advance-on-sp-500-the-wave-pattern\/","title":{"rendered":"Final Stages of The Advance on SP 500-The Wave Pattern"},"content":{"rendered":"<p><strong>By David Banister &#8211; <a href=\"http:\/\/www.thetechnicaltraders.com\/237-8.html\" target=\"_blank\">markettrendforecast.com<\/a><\/strong><\/p>\n<p>Over at our TheMarketTrendForecast.com service we have been projecting \u00a0a potential rally pivot at 1552-1576 for many weeks now. \u00a0The recent drop to 1485 although harrowing, was a normal fibonacci re-tracement of the last major rally leg to 1531 pivot highs. \u00a0We believe that this 5 wave advance 1343 pivot lows is nearing an end based on mathematics and relationships to prior waves 1-3.<\/p>\n<p>At 1569 the SP 500 would mark a perfect fibonacci relationships to waves 1-3 for this final 5th wave to the upside. \u00a0In the big picture, we are still working higher off the 1010 pivot lows on the SP 500, and this rally takes 5 full waves to complete. We think we are near wave 3 highs, and wave 4 correction would be up next, followed by another thrust to highs if all goes well this year.<\/p>\n<p>That all said, a multi-week correction and consolidation wave 4 pattern is likely once we pivot at 1552-1576. \u00a0We should expect this correction to retrace anywhere from 80-100 points on the SP 500, but one week at a time.<\/p>\n<p>See our updated pattern views below, and sign up for free reports or a 33% discount at <a href=\"http:\/\/www.thetechnicaltraders.com\/237-8.html\" target=\"_blank\">www.markettrendforecast.com<\/a><\/p>\n<p><a href=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2013\/03\/37-tmtf-sp-500.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"37 tmtf sp 500\" src=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2013\/03\/37-tmtf-sp-500.jpg\" width=\"600\" height=\"426\" \/><\/a><\/p>\n<p><strong>By David Banister &#8211; <a href=\"http:\/\/www.thetechnicaltraders.com\/237-8.html\" target=\"_blank\">markettrendforecast.com<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By David Banister &#8211; markettrendforecast.com Over at our TheMarketTrendForecast.com service we have been projecting \u00a0a potential rally pivot at 1552-1576 for many weeks now. \u00a0The recent drop to 1485 although harrowing, was a normal fibonacci re-tracement of the last major rally leg to 1531 pivot highs. \u00a0We believe that this 5 wave advance 1343 pivot &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/03\/06\/final-stages-of-the-advance-on-sp-500-the-wave-pattern\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Final Stages of The Advance on SP 500-The Wave Pattern&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-36674","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=36674"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=36674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=36674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=36674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}