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How about S&P500.


My last prediction according S&P500 wasn't true. It was to reach at least 1480. Maybe wave four is forming now or the top and the index is waiting for crossing 10 and 20 period simple moving averages on the week scale. In such a case downfall of at least (statistically) of 200 points is expected. On Monday 15th of May Facebook is expected to start at NASDAQ, thus the previous analysis may be valid, but with little probability. Summerizing: the S&P500 may go sideways with high probability for two, three weeks yet or it may go up, but with much less probability because e.g. the situation in Greece and very poor data of Chinese economy. Both cases will affect the US economy.
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