ew-forecast.com's  Instablog

ew-forecast.com
Send Message
We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
My company:
ew-forecast
  • S&P500 LONG-TERM Prediction: Price Could Reach 2000 0 comments
    May 22, 2013 10:43 AM

    We are looking at the SPY ETF of the S&P500 index which is in bullish mode since 2009 low. Recent gains exceeded previous swing highs very sharply in recent weeks so we think that market is forming a new impulsive bullish run that could react 200 area on SPY which equals 2000 on S&P500. The reason for this bullish outlook is current sharp rally which is showing a personality of an impulsive recovery so we think that market is in the middle of wave three of three. The next thing for higher projections is also cycles in time. Based on latest swings from year 2000 we suspect that current bullish period will last till 2015 when price could reach 2000 on the S&P500 in combination with 161.8% Fibonacci extension of blue wave (IV).

    (click to enlarge)

    Don't miss out, Special offer for new members
    FREE 7-DAY TRIAL

    For more analysis visit us at http://www.ew-forecast.com/

Back To ew-forecast.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • USDCHF: Before Brexit happened and today! Just listen the price action. https://t.co/M9drn1oKNw
    Jun 24, 2016
  • Regarding ‪#‎GBPUSD‬.. technicals suggests limited upside http://goo.gl/qErM25
    Jun 23, 2016
  • so where is VIX? price falling from 22 to 18.40 now. so far nice reaction from 61.8% as mentioned last week >>>http://goo.gl/K4S2xY
    Jun 20, 2016
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.