Elliott Wave Analysis: S&P500 Aiming For 2190/2200


S&P500 is trading nicely higher this month, with a clear impulsive personality away from 1981 area where market completed a big corrective set-back. As such, we will look now much higher on stocks as current rally should be made by five waves. At the moment, we see wave four in play now, which is a corrective leg, so weakness can be seen back to around 2130 region before uptrend resumes for wave 5) towards 2190-2200.

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S&P500, 4H



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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.