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Elliott Wave Noon Forecast 11.20.15 – $SPX S&P 500 – How much further do we have?

November 20, 2015

This is the noon Elliott Wave Forecast For S&P 500 11.20.15 on the 7 day 1 minute line chart…how much further do we have? Well 1.618 is 2125, or 30 more points.

Best case scenario: I believe 100% we’ve clearly bottomed..no doubt about it..the question is how far is the initial impulse off the lows? How far is 1-2-3 from 2019? Well, first wave was 48 points, and 1.618 X 48 = 77.6 points, an off the 2047 low that would target 2120-2125…we have plenty of upside to go here, and 2125 is actually pretty conservative considering that the first wave from the AUGUST and OCTOBER lows were MASSIVE. 2400-2420 is my mid term target.

Worst case scenario: Like Guy Adami would say “DOUBLE TOP DOUBLE TOP” which is a complete joke, because he’s a complete joke…we’re 100% headed to 2400-2420 by next year..and at least 2125 in the short term. I’ll bet when I turn on CNBC this afternoon, the idiots at Fast Money will be calling for it, and the bears who are still short are praying for it.

Where I’m leaning: Definitely 2125 short term, and 2400 by next year…the patterns are EXTREMELY powerful 1-2-3 moves off a very scary August crash. This is like the W2 from 2011, where VIX hit 53..53 was the same reading from the 2011 european crisis crash that we got last August.

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In : Chart Review

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wavegenius

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...