Wave 5 example: SPY (S&P Depository Receipts tracking the S&P 500 Index)

This is an example of how simple it is to use MTPredictor to identify the end of a potential Wave (5).

With the daily SPY chart displayed on-screen, just select the Show Elliott Waves module button, and tick the following options:

Then click 'OK' and the software will analyze the last part of the current chart. Please see the chart below:

As seen in the above chart, on Oct 10 2002 the software automatically identified:

A potential Wave (5) low,
The corresponding minimum Wave (5) WPT support area (in pink ) and
The buy trade set-up bar in Blue (the last bar in the chart).

Just a couple of quick and simple mouse clicks is all that is needed to identify the potential end of the current impulsive trend. This is how it turned out:

As shown above, the SPY has rallied significantly off this Wave (5) low. In fact, Oct 10 2002 was the exact day of the low !

Does your current trading program allow you to identify potential trade set-ups as quickly and decisively as this ?

If not, then it is time to invest in the MTPREDICTOR 4.0 series!

Please click here to return to the examples page

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Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. By purchasing the MTPredictor program, you acknowledge and accept that all trading decisions are your own sole responsibility, and MTPredictor Ltd, MTPredictor.com or anybody associated with MTPredictor Ltd including S. E. Griffiths and A. P. Beckwith cannot be held responsible for any losses that are incurred as a result