S&P 500 Elliott Wave Noon Update 12.04.15 – Levels that need to be broken

Dec04spx3

This is the noon Elliott Wave Forecast For 12.04.15 of the S&P 500 based on the 4 day 1 minute chart..here are the levels that need to break at 618 and 786 and best case/worst case scenarios:

Best case scenario: ¬†We close above at least 2080 at 618 and follow through on Monday over 786 at 2090..if this happens that would complete the entire ABC flat Wave 2 formation we’ve seen over the past week..once this formation completes and we end up taking out 2090 the upward 3 would be huge..as high as 2350-2400.

Worst case scenario:  Resistance right at 618 at 2080 (which was the intraday high) and a reversal to the downside to test 2040 and as low as 2019 to complete the intended target of a C wave.

What I’m expecting:

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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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