S&P 500 Noon Update 12.09.15 – About to be a slobber knocker downward 3

Dec09spx

This is the Noon Elliott Wave Forecast For 12.09.15 of the S&P 500 based on the 30 day 1 min chart…this chart looks seriously bad and shortable at this very moment..

Best case scenario:  All that it is is a zigzag that drops to and holds 2019-2025 to the downside and reverse into a Wave 3..would need to break at least 2075 to the upside after forming a full C wave..that would be a big ABC flat and this complicated C wave would end and reverse.

Worst case scenario:  Looking like the chart is about to completely collapse at this very moment..one break of 2042 and it’s downward 3 city here…the question is not IF but how MUCH the market is about to drop..full downward 3 would clear 2019 and touch 1994…that would be 1.618..

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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