S&P 500 10-12PM Morning Forecast – HUGE reversal off the C wave low..what we need

Dec04spx2

This is the morning Elliott Wave Forecast For 12.05.15 based on the S&P 500 30 day 1 min chart..Best case: ABC flat has completed and we reverse way higher from the opening gap into an upward 3.

Best case scenario: 2107 to 2019 as detailed was an A wave in a flat, the move from 2019 to 2104 was a B wave and the C wave fell short of the full C wave target to 2019 and rallied…S&P needs to break at least 618 above 2080 to confirm this potential full ABC flat bottom, and it looks like it’s on it’s way to do that today..the opening move was very strong, and a sustained move above 618 would help a lot.

Worst case scenario:

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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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