S&P 500 Morning Update 10-12PM ET 12.22.15 – We got the 382 W4 before W5 down at worst

Dec22spx

This is the morning 10-12PM Elliott Wave Forecast For 12.22.15 of the S&P 500 – The morning gap up hit 382 right on the number…the best case = bottom, worst case = 5th wave and bottom.

Best case scenario:  We needed to retrace the drop from 2059 to 2007 in a 382 upward W4 to 2028-2030 and intraday we hit 2030. Best case is 2007 was the low and we don’t see the 5th wave and rally all the wave above 2045 or 618 of the drop from 2077 to 2007…last time we got a downward 3, there was no 5th wave at all and we bottomed.

Worst case scenario: Resistance at 2030 followed by a drop below 2013 setting up retest of 2007…and any of the multiple 5th wave scenarios occur..worst one would be 618 X w1 + w3 to test as low as 1987-1990 in that full 5th wave move.  In either case however there would be at least a 618 reversal.

Where I’m leaning:

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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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