[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:

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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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