$SPX $ES_F Forecast For 12.02.15 – Official Late Day Break out = 2200 by Jan?

Dec02spx

This is the Elliott Wave Forecast Of the S&P 500 based on the 30 day 1 minute chart..Potential target 2200+ based on the late day 1.00 breakout today at the close.

Best case scenario: Started very wild today with a gap up that sustained into exactly 10AM..but the big quick fade occured and the W3 scenario started to fade with it..but the market fought, faded, fought, faded and by the close the bears couldn’t stop the momentum and we ended up closing above 2097 or 1.00 of the entire first wave…this is a 80% trade setup for a W3, and if it ends up traveling 1.618 X W1, target would be 2200-2205 in a golden ratio Wave 3.

Worst case scenario:  The move to 2097 was just a 5 and not a W3..we’d find resistance at 2105-2108 and drop back to retest the previous 4 at 2070..but the extended ABC W2 that took over 7 trading days complete has a Wave 2 appearance..so..

Where I’m leaning:  Heavily towards the full W3 to 2200 because we broke 786 of the entire November correction and can easily take out the S&P 500 all time highs as soon as this week.

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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