[Flash!] S&P Flash Alert – Important support being tested

Dec07spx2

This is an important FLASH alert update on the S&P 500…this is a look at the perceived W2 and it’s important support levels.

Support Level #1: Previous 4 support sits at 2070, right where S&P 500 is at this moment…W2’s typically retrace to this level and hold support there, but we’re on it right now…we need a 382 W4 immediately here to 2076 min to prevent any further damage on this parablic drop.

Support Level #2:  S&P .618 fibonacci support level, the standard Wave 2 retracement sits at 2063..if this level doesn’t hold there’s a chance that Friday’s rally completely evaporates down to 2019…so if you’re listening, do something about it!

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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