S&P 500 $SPX $ES_F Noon Forecast 12-2PM – Big breakout about to occur after zigzag

nov24spx

This is the S&P Elliott Wave Noon Forecast For Nov 24, 2015 based on the 7 day 1 minute chart..best case scenario is a full 1.618 W3 to as high as 2200 short term.

Best case scenario: 2019 to 2097 was the first Wave in a new bullish impulse, the drop from 2097 to 2070 was an ABC zigzag to test 618 support, and held..and the rally from the lows the start of a 3 of 3 impulse move..if S&P breaks 2090 there’s an 80% chance that it travels to as high as 2200 short term in a standard Wave 3..looks like it’s on it’s way today.

Worst case scenario: Failure at 2087 and a drop in a C wave to test 2070 and or 2055-2060 in a full zigzag to 618 support…If 2090 breaks here that scenario would have 0% chance of happening.

Where I’m leaning:  Full 1.618 to 2200 is the play should we close above 2090..looks like  a standard W1-W2 zigzag into W3 pattern that has an 80% chance of achieving a full Wave3 move to 2200.  Pretty standard looking pattern and pretty easy to recognize..

S&P 500 $SPX $ES_F Noon Forecast 12-2PM – Big breakout about to occur after zigzag on November 24, 2015 rated 4.7 of 5

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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