[Chart] $SPX Visual Elliott Wave Chart – Intraday reversal/786 breakout

Apr01spx

This is the Noon Elliott Wave Update For S&P 4.01.16…zigzag and 786 reversal.

Best case scenario: 2065 is cleared again and we form an upward 3 over 2070 by the close..this would occur after an ABC zigzag and C wave dip in the morning on the jobs number.

Worst case scenario; Failure at 2065 and a test of 618 support at 2055 in a fade at the close..that would be W-1-w2-w3 after the ABC zigzag..

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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