S&P 500 1-4 PM Update: Upward Wave 4 Sequence (Crash Stopper!)


Here’s the 1-4PM Elliott Wave Forecast For the S&P 500 into the end of the day…7 day 1 minute chart.

Best case scenario:  We’ve seen the full 1-2-3 down that fell short of 1.618 and S&P 500 has entered a W4..it needs to hit around 2042-2045 or at .382 to put an end the the vicious downward 3 we’ve seen over the past 1 1/2 weeks.  It could or should happen into the close, so I’m not saying buy yet…it would be 4 before the weakest wave in the sequence, the 5th wave down.

Worst case scenario: We fall short of the full 382 to the 2042-2045 range and we fade into the close setting up the full 1.618 downward 3 to the intended 2000-2006 level.  After that move the real upward 382 W4.

What I’m expecting:  An A=C upward zigzag would target 2042 on the nose intraday, and that would be enough to get the “crash stopper” W4 382.   That’s how I make these bottom calls..look for 1.618 and get 382 which would but a bottom in.  The VIX hit an extreme already so any 5 down would spike it to the 23-25 area and put a cement floor in.

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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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