[Chart] $SPX Elliott Wave Pre-Market Update – Best Case/Worst Case 3.29.16

Mar29spx

This is the pre-market Elliott Wave Forecast For 3.29.16 for the S&P 500…Best Case/Worst Case – 2 up before 3 down or 2 before 3 up?

Best case scenario:  The best case scenario would involve S&P gapping down, but at 618 support at 2029..if it can hold 2029 and reverse over 2037 it would setup a 2 before 3, and we may see a rally over 2042 by the close..this would be after an ABC zigzag from 2057 to 2023 as detailed on the chart…W1 would be 2023 to 2042 and again this would be 2 before 3.

Worst case scenario:  The worst case scenario would involve S&P gapping down but breaking through 2029 and 2023..a C wave would drop to as low as 2007-2010 before any semblance of a reversal..NASDAQ’s weakness and choppy B wave action may set this up.

Where I’m leaning:

The content you are trying to access is only available to members. Sorry. Please Click Here To Register. membersonly

About the author

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...

Related Articles

Chat with Ted now! I'm online!
  • SPX 2,473.45 -0.38 -0.02%
  • Apple Inc. 150.34 -0.68 -0.45%
  • PCLN 1,999.22 +7.12 0.36%
  • TQQQ 112.23 +0.42 0.38%
  • UPRO 110.48 +0.08 0.07%
  • Facebook, Inc. 164.53 +0.39 0.24%
  • AMZN 1,028.70 +1.83 0.18%
  • NFLX 183.60 -0.26 -0.14%
  • GOOGL 992.19 -0.58 -0.06%
  • ACIA 42.18 -0.31 -0.73%
  • TWLO 31.06 -0.43 -1.37%
  • Alibaba Group Holding Limited 152.11 -1.04 -0.68%
  • NUGT 31.03 +0.51 1.67%
  • IBB 322.92 +3.29 1.03%
  • CMG 356.05 -16.78 -4.50%
  • SBUX 58.03 -0.08 -0.14%
  • TSLA 329.92 +4.66 1.43%
  • Microsoft Corporation 74.22 +0.36 0.49%
  • BIDU 191.32 +0.41 0.21%
  • PNRA 314.93 0.00 %
  • BWLD 122.60 0.00 0.00%