S&P 500 Morning Forecast 9:45-12PM 12.06.15 – Considering Friday’s Rally, This Ain’t Bad

Dec07spx

This is the morning Elliott Wave Forecast For 12.05.15 on the 3 day 1 min chart of S&P 500…considering how far S&P rallied on Friday, this dip isn’t that bad..relatively speaking.

Best case scenario:  If this doesn’t reverse and turn positive in the next 15-30 mins, previous 4 support is at 2070..that’s a long way from here, but S&P rallied almost 50 points from Thursday’s low so a retracement of that size COULD happen…however, if the dip buyers come in here shortly and push the S&P to positive I can see 2107-2110 being tested to the upside at 1.00… 786 was broken at closed above at 2090 Friday so that should give incentive for buyers to ramp S&P higher today..like way higher..

Worst case scenario:  No dip buying and we automatically tank to 2070 to test previous 4 support or 618 support in a W2…worst worst case is a full C wave back to 2019, but I seriously doubt that.  That would require a serious fundamental issue in the middle of the day, god forbid.

Where I’m leaning:  

The content you are trying to access is only available to members. Sorry. Please Click Here To Register. membersonly

About the author

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...

Related Articles

Chat with Ted now! I'm online!
  • SPX 2,468.11 +3.50 0.14%
  • Apple Inc. 160.95 -0.65 -0.40%
  • PCLN 1,855.72 -5.11 -0.27%
  • TQQQ 111.90 +0.58 0.52%
  • UPRO 109.83 +0.49 0.45%
  • Facebook, Inc. 170.00 -1.00 -0.58%
  • AMZN 978.18 -4.56 -0.46%
  • NFLX 169.98 +1.48 0.88%
  • GOOGL 944.27 +6.19 0.66%
  • ACIA 44.21 +0.50 1.14%
  • TWLO 31.06 +0.06 0.19%
  • Alibaba Group Holding Limited 159.50 +1.61 1.02%
  • NUGT 32.81 +2.15 7.01%
  • IBB 310.08 +0.77 0.25%
  • CMG 320.13 -2.53 -0.78%
  • SBUX 53.50 +0.35 0.66%
  • TSLA 362.91 +0.58 0.16%
  • Microsoft Corporation 73.65 +0.43 0.59%
  • BIDU 226.14 +0.81 0.36%
  • PNRA 314.93 0.00 %
  • BWLD 110.85 +1.10 1.00%