Elliott Wave Noon Forecast 11-1PM – $ES_F $SPX S&P 500 Intraday W1-W2-W3

Nov18spx3

This is the Noon Elliott Wave Forecast For November 18th 2015.  S&P 500 1-2-3 pattern to potentially 2125 about to break(!)

Best case scenario:  DOW already broke 1.00 so SPX should follow here shortly..a clear break of 2063 would setup a follow through 3 of 3 to as high as the 2120-2125 range..that would mean that the bottom reversal from 2019 to 2066 was Wave 1, W2 was a zigzag correction from 2066 to 2047 and the spike reversal today is the start of a Wave 3…  2120-2125 is 1.618 X W1 in a golden ratio 3rd wave move, and the only logical move right now.

Worst case scenario:  Failure at 2066 and a C wave drop to test 2047 in an ABC flat. That scenario is fine as that would be another Wave 2 formation.

Where I’m leaning towards:  Easily this is a Wave 1, Wave 2, Wave 3 setup to the full 1.618 Wave 3 move…the pattern is fast, the zigzag is identifiable, and the breakout looks clear at this point at least in the DOW…I’m going for the full 618 reversal to the targeted 2120-2125 level before I’d sell all my positions..going long any point here is fine..low risk move.

 

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...

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