S&P 500 $SPX $ES_F W2 support broken..this is getting bad ..and scary..shock is the word

I’m having a hard time believing what I’m seeing at this point..this is just straight parabolic down after an 80% breakout…I guess this is the 20% of the time that fails…W2 support has clearly failed and the only support is 2018-2020 where this entire previous rally started…we bottomed in an A wave at 2019, rallied in a B wave and due to the ferocious and scary nature of this move, looks like a VERY FAST C wave in an ABC flat at BEST.

I’m not THAT worried but W2 support is broken…I have to swallow at least the C wave to test 2019 move now, and if there’s any silver lining it’s just an ABC flat with a broken B wave that’s retracing back to the start of the impulse that we’ve seen in November.

We’re getting a move like this at the very start of the month of December, but I’d only freakout if 2019 is broken by next week. The chart isn’t broken long term, but short term this is a “slobber knocker” of a C wave that was completely unexpected..I rarely see flats, mostly zigzags.

 

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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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