[Chart] S&P 500 $SPX Visual Elliott Wave Update 4.04.16 – Intraday zigzag and reversal 12:35PM

Apr04spx

This is the Noon Elliott Wave Update For S&P 500 2 Day 1 Min chart..intraday zigzag and reversal..

Best case scenario: We completed an intraday ABC zigzag right at A = C before a 1.00 reversal and beyond…the rally off the lows touched 786 at 2072, and it needs to clearly break 2072 this time around to setup a full upward 3…2090 in a couple days isn’t out of the question on this move.  I called this move at 11:26AM perfect but we need to clear 2072 to breakout completely.

Worst case scenario: Failure to break 2072 and a break below 2066 setting up a bigger zigzag to test 2058-2060..we haven’t cleared 786 so this potential “bigger zigzag” scenario is still in play..but at a low percentage potential.

Where I’m leaning:

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About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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