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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
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  • 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).

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