S&P E-Mini – We Actually Hit 382 W4 in the $SPX $ES_F Futures = Bottom?

Nov16futures

This is an update for the S&P 500 Futures aka S&P E-Mini 15 minute chart concerning the reversal this morning.

Best case scenario:  When I look at the S&P 500 futures chart and zoom in on the 15 min chart, I’m seeing a low of 2021 followed by a bounce to 2040.  Ironically yes, we DID GET 382 Wave 4 in the S&P E-mini after the big reversal from the lows when they opened Sunday evening at 6PM..so yes we did IN FACT get 382 in a W4 which means any fade here in S&P is a 5th wave down before a potential bottom.

Worst case scenario:  The disconnect between Emini S&P and the actual S&P 500 index shows a chart that HAS NOT hit 382 in a W4 and we’re still in a W3 down that has yet to drop to 1.618.

What I’m expecting:  Any fade here could be just a 5th wave down to the reversal in the futures… I almost forgot about it ..strangely enough, but that 382 move was PRECISELY 382 in a W4 in the Emini so the bottom may have already occured post and pre market this weekend.

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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