[Intraday Chart] $SPX Elliott Wave Intraday Update – ABC zigzag forming or..

Mar30spx2

This is the Elliott Wave Noon Update For S&P 500 3.29.16..ABC zigzag intraday at worst..

Best case scenario: Best case scenario is instead of dropping in a C wave as detailed in the chart, we race back to the intraday high in this reversal pattern..that would be a round W2 before W3..or W4 before W5 intraday..in either case I’d anticipate an attempt at the intraday highs by the close..

Worst case scenario: B wave fails at 2068 and we drop in a C wave to test 2053-2055 or near the break even point on the day..that would be A = C, but on a zigzag that would reverse by the close..

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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