[Chart] $SPX Noon Elliott Wave Update 3.29.16 – Near 786 breakout

Mar29spx2

This is the Noon Elliott Wave update for S&P 500 3.29.16 based on the 10 day 1 minute chart… near 786 breakout and setting up for a strong move.

Best case scenario:  Best case scenario is we get a 786 reversal after an ABC from 2057 to 2023 into a an impulsive move…786 breakout is 2037 and we’re right on the edge of breaking it at the moment as of 11:53AM ET..if we clear that and 2042 due to NASDAQ’s strong push today, we may see a full 786 move of the zigzag over 2050.

Worst case scenario:

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Worst case scenario is resistance right at the 2037-2042 range and a reversal to the downside in a double top B wave before C…we’d see a fade at these levels below 2029 and setup a move to as low as 2005-2010.

Where I’m leaning: Due to NASDAQ’s big push in the past half hour over 1.00, S&P and DOW should follow with that move… 786 breakouts are about to happen on a spike so a move to test 1.00 on the latters wouldn’t be out of the question.

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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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