S&P Elliott Wave Noon Forecast 12.10.15 – We got 4 up now here’s the 5 down ..truncate?

Dec10spx5

This is Elliott Wave Noon Update For 12.10.15 of the S&P 500 based on the 30 day 1 minute chart…12:30-3PM..4 up now 5 down in progress.

Best case scenario: The two best 5th wave scenarios are either 618 X w1 + W3 or truncation…618 X w1 + W3 is usually precise, in this case would break 2038 and test 2030-2033 which is the length of an A = C…but this 5th wave could truncate and hold 2038..if it truncates it would hold that 2038 level and reverse violently over 2063 or the intraday high and setup a C wave or truncated 5th wave bottom.

Worst case scenario:  The spike up we saw was a 2 up before 3 down…2038..than 2019 would be taken out and the full C wave flat or zigzag would test as low as 1994-2000…we got a spike up that looks likely to be a 382 4 up.

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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