S&P 500 $SPX 11-1PM Forecast – 786 breakout into huge upward 3 of 3 time.

Nov17spx2

Intraday Elliott Wave Forecast For S&P 500 Nov 17, 2015 11-1PM ET…based on 7 day 1 minute chart.

Best case scenario:  786 is just 1 couple points away from breaking S&P 500, and that’s the key breakout level..that’s 786 of the downward C that dropped from 2087 to 2020 in the past week..ABC is now completed if 2065 is broken and we close above today.  This scenario basically signals the bottom of the big zigzag we’ve seen since the beginning of November and will signal the start of a huge 3 of 3 move into the end of the year minimum and beyond.

Worst case scenario: resistance at 786 2065 level in the S&P and a test of 618 support down to 2040.  Rarely do I see 786 breakouts fail after big zigzags like we saw…failure happens maybe 10% of the time on this formation.

Where I’m leaning: Bottom all the way and year end rally has just begun..this could be quite a “doozy” in terms of size and scale as it could be the 3 of 3 burst coming from the August lows.   80%-90% chance something huge to the upside happens until the end of the year…big bottom in August, and Wave 2 bottom we saw yesterday before 3 of 3.

 

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The secret of many top analysts and traders...(in fact mutual fund managers, hedge fund traders and even a couple seat owners of the NYSE are subscribers!) Wavegenius.com. Ted "Wavegenius" Aguhob since 2001 has profited on 80%-88% of his trades EVERY year since the inception of his blogs and websites..Ted has made and incredible amount of calls during this period including: 1778% gain in 03-04 from swing trades, The 2009 bottom lows of S&P DOW and NASDAQ literally right on the number, the massive 3rd waves when SPX made it's run from just over 1000 to 2400+ that we're seeing now (these calls were written by Ernie Varitimos on articles on the FRONT PAGE of TheStreet.com, Yahoo Finance and MSN Money for a week), The exact all time low of Apple and Facebook and the huge move that followed on Youtube videos, and he's had Top 20 Charts of stocks that 90%-100% of the time were accurate...at the time the calls were considered insane to most and hundreds of his charts have been like that..until they actually happened...as a result Ted with a tiny audience made almost $177,000 in 2013 as one of the top earning blogs in the country. His following is beyond fanatical, and has been hidden away for many years with many websites and competitors refusing to partner with him..mostly because he'd walk in there and take away many subscribers and traffic from them...

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