$SPX S&P 500 Morning Forecast 9-11AM – Full picture of bottom

Nov19spx2

This is the morning elliott wave forecast for the S&P 500 on the 30 day 1 minute chart…this is the full look of the bottom and the next level that needs to be broken.

Best case scenario:  Zigzag from 2117 completed…A wave was 2117 to 2070, B wave was 2058 to 2087, and the C wave 2087 to 2019..the rally off the lows broke 786 of the C wave and at the open today, 1.00 of the entire C wave…next level that would 100% confirm the bottom is 2097, or 786 of the entire zigzag.  If that breaks today there’s potential for a year end rally or into next year to as high as 2400-2420 if 1.618 X the first wave off the August-Oct bottom. (both hit the same level)

Worst case scenario: failure at the top of the B at 2087 and a quick W2 drop into the open…that would setup a retest of 2050 at worst…

What I’m expecting:  After such a huge rally yesterday, the futures were up big pre-market but began to descend at around 8AM in a zigzag..the pop at the open will happen, but at a smaller scale..I do however believe they will buy that dip and attempt the 2087 level onto 2097.

 

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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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