Stock Market SP500 Looking For 2000 :: The Market Oracle …

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Stock Market SP500 Looking For 2000

Stock Markets 2014Jun 17, 2014 – 03:56 PM GMT

S&P500 accelerated to the upside this month with increasing volume and momentum. In fact, move from 1858 is very strong, so based on personality we think it was wave three of a five waves in progress in blue wave (5). As such, we expect even more upside in coming days; market may reach levels around 1980/2000.

S&P500 Daily Elliott Wave Analysis

S&P500 Four Hour

S&P500 has turned bearish last week from around 1954 after a complete five wave rally from 1915, labeled as wave (v). This wave (v) was part of a big five wave move, so we suspect that current decline is just another three wave retracement. We are looking at (a)-(b)-(c) decline that could bottom in this week around 1915 mark, at former wave (iv). So for the very near-term there is room for another push lower, but then keep an eye on bullish reversal sings.

S&P500 4h Elliott Wave Analysis

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Ew-forecast.com is providing advanced technical analysis for the financial markets (Forex, Gold, Oil & S&P) with method called Elliott Wave Principle. We help traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our view and bias as simple as possible with educational goal, because knowledge itself is power.

Gregor is based in Slovenia and has been in Forex market since 2003. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets; from candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful to traders.
He was working for Capital Forex Group and TheLFB.com. His featured articles have been published in: Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu. He mostly focuses on currencies, gold, oil, and some major US indices.

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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Stock Market SP500 Looking For 2000 :: The Market Oracle …

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