S&P 500 Noon Elliott Wave Update 12.22.15 – Upward 618 reversal in progress

Dec22spx2

This is the noon Elliott Wave  Forecast For 12.22.15 of the S&P 500…appears 5 waves down may have completed already before 618 reversal.

Best case scenario:  S&P 500 may have seen 5 waves down complete with the 5th wave truncating yesterday afternoon and the gap up 618 reversal is happening now…618 would be at least 2045 to the upside and if it’s a true bottom 787 would break at 2052 and setup another 3rd wave move.

Worst case scenario: Resistance at 2045 or 618 reversal target followed by a downside break of 2007 into 1987-1990 or 618 X W1 + W3 in a true 5th wave.

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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