S&P 500 Elliott Wave Forecast For 12.15.15 – Must hit retracement levels in 382 to bottom

Dec15spx

This is the Elliott Wave Forecast of the S&P 500 for 12.15.15 based on the 30 day 1 min chart…what we need to get the S&P to bottom after 3 waves down at 1.618.

Best case scenario:  The futures are indicating a slight upside move, but S&P 500 would need to hit at least 2032 or 382 in an upward 4 of the entire downward 3 that terminated at 1993.25 earlier today..if we get that, all that would be left is a mild 5 down to retest the low of the 3 …after the 4-5 I’d expect at 618 reversal to at least 2062 or higher in a 786 reversal..

Worst case scenario:  Failure to hit 382 at 2032 would results in an extension of the downward 3…worst worst case is a retest of 1993 to the 1980-1985 range before finally reversing in a 618 move in a bottom.

Where I’m leaning:

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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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