[Chart Update] $SPX Elliott Wave Noon Update 3.28.16 – Best case zigzag scenario

Mar28spx

This is the Noon Elliott Wave Update For the S&P 500 3.28.16..best case zigzag scenario:

Best case scenario:  After 5 waves up from 2007 to 2057 we’re correcting in a standard corrective Wave 2 zigzag…what we need is for S&P to break the intraday high above 2042 and above 2045 or the top of the B to prevent a downward C and remain in the framework of a regular ABC zigzag..if we get this scenario we could reach higher highs by the middle of the week.

Worst case scenario:  Worst case scenario is a downside break of 20278 and 2023…a break of 2023 would setup a downward C that would test and or break 2005, and worst a downward 3 would take it to the 1975-1980 range.

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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