$SPX $ES_F Elliott Wave Forecast For 12.04.15 – Zigzag/Flat W2 in progress

Dec04spx

This is the Elliott Wave Forecast Of S&P 500 for 12.04.15 – Zigzag/ABC Flat in progress..how low do we go before reversal?

Best case scenario:  Best case is that we’re in either a flat or zigzag…there would be a gap down tomorrow that either drops and holds 2019 or the A wave support level in a flat and reverses over 2060 to setup a W3…that would be 2 before 3 before a long extended upward move to as high as 2350-2400 in a full 1.618 move..

Worst case scenario: The correction in the C wave breaks A wave support and forms a full zigzag..it would test 1995-2000 before reversing into an upward 3…that sounds bad considering that’s 40 points away, but if you can handle it, the reversal would come quick after testing that support level.

Where I’m leaning: Zigzag or flat scenario in W2 does have bit more downside to go here, but in both cases we end up reversing into an upward 3…tolerance for pain is the play here..can you handle watching zigzag support hold in at S&P 2000 or not..I’m still holding positions, and I think I can myself.

About the author

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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