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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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...

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