S&P 500 Morning 10-12PM Elliott Wave Forecast 12.21.15 – 5 waves down to a bottom?

Dec21spx

This is the morning Elliott Wave Forecast For 12.21.15 of the S&P 500 based on the 7 day 1 minute chart…could be 5 waves down into a bottom thanks to the morning gap up…

Best case scenario:  The gap up this morning could be at LEAST a 382 W4..if S&P can touch 2025-2027 intraday that would be the W4 before W5 down and reversal 617 or 786 or higher….5 waves down into a “double bottom C wave” with B up to 2077 and C down to where we are now..we just need to get a standard 4 and it would be touch and go bottom reversal..the C wave we’ve seen so far is VERY rare and you pretty much never see it happen..but this formation could be on the verge of reversing big time.

Worst case scenario:  Failure to hit 2025-2027 today and a further fade below 1994 into a full zigzag…1980 would be tested minimum before any semblance of a bottom reversal.   That would be 1-2-3 down with a full 1.618 W3 in the middle of it.

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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