[Long Term] Long Term Look At $SPX 786 Breakout Of The Big Zigzag

Mar30spx

This is a long term look at the S&P 500’s 1 year chart and the breakout past 786 of the entire zigzag and C wave.

Best case scenario: The 786 breakout past 2030 is a very key level and we clearly broke it yesterday after a short zigzag…the big thing is that the bigger zigzag as detailed in the chart has reversed past bigger 786 resistance and we could easily see the top of the B at 2118 break by end of or middle of April.   Pretty textbook zigzag and 786 breakout move which is very bullish.

Worst case scenario: We have 5 waves up and correct to the 1960 range after the big run up if this rally doesn’t sustain until the end of the day at the highs.

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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