$SPX $ES_F Elliott Wave Forecast 9:30-12PM – Flat open after huge move

Dec02spx

This is the Elliott Wave Forecast For 12.02.15 9:30-12PM of the S&P 500 based on the 30 day 1 min chart..pre-market futures are flat, but that doesn’t mean we won’t get a follow through 3…

Best case scenario:  Based on the flat open…if we don’t fade like a rock here in a 5th wave, the best case scenario is that we’ve entered a slow grinding W3..that would be the best thing possible here…the first wave was really fast so the W3 could end up being a slow grinder to the intended 2200 target..the setup is there right now for that very move, but it may happen in a non crazy and tepid move up..

Worst case scenario:  The non follow through of yesterday’s move this morning is a 5th wave and the S&P gets slammed down below 2090 to test 2070 in a corrective Wave 2…no grinder, just a 5th wave and a failed third wave attempt.

Where I’m leaning:  The grinder scenario is very much the likely scenario, but the first indication at the open is what I want to see…do they open and pop up or slam it in a corrective 2…first 15-30 mins will show it.

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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