S&P 500 Morning Forecast 9:45-12PM – The start of downward 3 or C – Targets

Dec08spx2

This is the morning Elliott Wave Forecast based on the 30 day 1 min chart of the S&P 500…looks like the start of a big C or downward 3..targets:

Best case scenario: 2042-2050 holds and we rally above 2070 by the close..that would be a zigzag retracing the move from 2042 to 2094 in a W2 move.

Worst case scenario:  By the close 2042 is broken and we either get a full C or 3 down…a full C would target the start of the A wave at 2019, and worst case is a full 1.618 downward 3 to test 1994..that would be W1 = 2104 to 2042, upward 2 = 2042 to 2095 and downward C 2094 to 2019 or downward 3 from 2094 to 1994.   The charts are really broken right now on this gap down.

Where I’m leaning:

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

 

 

Or become a member! Membership has it's benefits...

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!
  • Unfortunately, we could not get stock quotes this time.
Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.