S&P 500 Breaks Higher After The Non Farm Payrolls
Stock-Markets / Stock Markets 2013 Oct 22, 2013 - 04:25 PM GMTBy: Gregor_Horvat
	 European  stocks and US stocks futures  are higher across the board  after the bad NFP report on  speculations that tapering  will not start any time soon.  From a technical point of view  we see S&P futures  rallying in wave v) of (iii),  so corrective retracement may  show up soon, but there is  room for 1750 before wave (iv)  pull-back occurs. This coming  wave (iv) could then be a new  opportunity for traders who  want to join the trend.
	
European  stocks and US stocks futures  are higher across the board  after the bad NFP report on  speculations that tapering  will not start any time soon.  From a technical point of view  we see S&P futures  rallying in wave v) of (iii),  so corrective retracement may  show up soon, but there is  room for 1750 before wave (iv)  pull-back occurs. This coming  wave (iv) could then be a new  opportunity for traders who  want to join the trend.
  
 
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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.
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