3 Reasons S&P Will Hit 1,550 in 6 Months: Pro

A few factors suggest a bullish outlook for the S&P 500 — up to 1,550 in six months and 2,000 in two years — Piper Jaffray Principal Technical Analyst Craig Johnson said Wednesday on CNBC.

“I think we’re going to get there by continuing to see good stocks continue to trade higher. We’re seeing a pretty good, strong rotation. We’re seeing fixed-income markets starting to sell off, and we think that’s ultimately going to see money flowing back to equities,” he said on “Fast Money.”

That, Johnson added, would be a strong positive for equities.

(Read More: Technicals Suggest ‘Assault on 2007 Peaks’)

“Just looking at 10-year bond yields over the last year — and actually, two years — what we’ve seen is a higher low and now a higher high get set on 10-year bond yield. To me, that’s the first step of being in an uptrend: Higher highs and lower lows,” he said.

Johnson shared the top three sectors he believed were headed higher.

“We continue to like the technology sector, consumer cyclicals, and we see a lot of relative strength improvement happening in the financial sector,” he said. “We do need to see the financial stocks really engage. They disengaged back in 2007. They’ve really begun to re-engage over the last several months in here, and that’s a real healthy sign for the overall market, so those three sectors is where we’re looking at.”

Trader disclosure: On Sept. 19, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in GLD; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in AMZN; Jon Najarian is long call spreads in GOOG; Jon Najarian is long call spreads in SINA; Jon Najarian is long call spreads in OPEN; Jon Najarian is long call spreads in GLW; Jon Najarian is long call spreads in PXD; Jon Najarian is long GLUU; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long STSI; Steve Weiss is long AAPL CALLS; Steve Weiss is long EUO; Steve Weiss is long M; Steve Weiss is long AIG; Steve Weiss is long BAC; Steve Weiss is long BBT; Steve Weiss is long LCC; Steve Weiss is long QCOM; Steve Weiss is long SODA; Steve Weiss is long BRCM; Steve Weiss is long HK; Steve Weiss is long CLNY; Steve Weiss is long AMTG; Steve Weiss is long MTGE; Steve Weiss is short AAPL PUTS; Steve Weiss is short AKS; Steve Weiss is short RIO; Steve Weiss is short VALE; Brian Kelly is long GLD; Brian Kelly is long SLV; Brian Kelly is long QQQ; Brian Kelly is long EEM; Brian Kelly is long TIP; Brian Kelly is long RNA; Brian Kelly is long WHEAT; Brian Kelly is long CORN; Brian Kelly is long SOYBEANS; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S.

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