I'll try to explain why the S&P 500 will be much higher in 5 years. (It's a guess, not a certainty.) Chart 1 - S & P500 index monthly candlestick chart between March 1964 and January 2013. My guess about what is happening is that the S & P 500 since 2000 is following the path between 1968 and 1983. This suggests that the S&P 500 may rise in the long term. Chart 2 - The following chart shows the Price ROC indicator between March 1964 and January 2013. The triple bottom pattern that the indicator did in 1994 was repeated between 2011 and 2012. After the triple bottom pattern in 1994, the S&P 500 rose during 5 years. This also suggests that the S&P 500 may rise in the long term.