$SPX $ES_F S&P Forecast For 11.25.15 – 1-2-3 to 2200, and 2400?

Nov25spxThis is the Elliott Wave Forecast For 11.25.15 of the S&P 500 on the 15 day 1 minute chart. Potential targets 2200 short term and 2400 by next year..

Best case scenario:  The move from 2019 to 2097 in S&P was the first wave, we got he w2 correction back to 2070 that held 618 fibonacci support, and the rally off the lows from 2070 is the start of a Wave 3..a simple break of 2097 at 1.00 would setup the 3rd wave..and the close above 786 would also trigger it..2200 would be the 1.618 move off of this pattern short term, and longer term from the August lows, these broken resistance levels would setup a move to as high as 2400 by next year.

Worst case scenario:  Short term, there’s a tiny chance we fail at 768 and gap down to test 2070 and 2055-2060 in a C wave..I give it a 10% chance because we already broke resistance when the indices rallied off the lows this afternoon.

Where I’m leaning: Looks like pretty obvious 3rd wave setup with a zigzag that completed this morning so I’m giving it a solid 80% chance that this rally forms a 3rd wave to the 2200 target.

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...

Related Articles

Chat with Ted now! I'm online!
  • SPX 2,477.13 +7.22 0.29%
  • Apple Inc. 152.74 +0.65 0.43%
  • PCLN 2,016.91 +14.90 0.74%
  • TQQQ 112.76 -0.76 -0.67%
  • UPRO 110.81 +0.66 0.60%
  • Facebook, Inc. 165.28 -0.72 -0.43%
  • AMZN 1,039.87 +0.92 0.09%
  • NFLX 186.97 -0.94 -0.50%
  • GOOGL 969.03 -29.28 -2.93%
  • ACIA 45.60 +2.02 4.64%
  • TWLO 31.40 +0.41 1.32%
  • Alibaba Group Holding Limited 152.44 +0.18 0.12%
  • NUGT 30.42 +0.64 2.15%
  • IBB 323.81 -3.53 -1.08%
  • CMG 348.62 +8.64 2.54%
  • SBUX 58.55 +0.53 0.91%
  • TSLA 339.60 -2.92 -0.85%
  • Microsoft Corporation 74.19 +0.59 0.80%
  • BIDU 197.05 -1.60 -0.81%
  • PNRA 314.93 0.00 %
  • BWLD 123.70 +2.95 2.44%