We have continued to correctly project the wave patterns for months now at TMTF for our subscribers in the SP 500 Index. Our latest views were to look for a minor wave 3 top at 1698 with a pullback minor wave 4. We hit that on the nose with a 23.6% fibonacci retracement of minor wave 3 as we hit 1676.

Since that point, we outlined a Wave 5 pattern that should take the SP 500 to 1736-1771. Several weeks ago we patterned out 1768-1771 as a perfect target for a Major wave 3 high.

This will be followed by a 125-200 point SP 500 correction if we are correct.

Below is our chart update outlining what we project ahead. A run to 1736-1771, followed by a 120-200 point correction for Major Wave 4 in the SP 500.

Subscribers get multiple updates each week, join us today for a 33% discount at www.activetradingpartners.com

Dave Banister

CIO-Founder
Active Trading Partners, LLC
www.ActiveTradingPartners.com
TheMarketTrendForecast.com

Dave Banister is the Chief Investment Strategist and commentator for ActiveTradingPartners.com. David has written numerous market forecast articles on various sites (MarketOracle.co.uk, 321Gold.com, Gold-Eagle.com, TheStreet.Com etc. ) that have proven to be extremely accurate at major junctures.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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