[Intraday Chart] $SPX Elliott Wave Intraday Update – ABC zigzag forming or..


This is the Elliott Wave Noon Update For S&P 500 3.29.16..ABC zigzag intraday at worst..

Best case scenario: Best case scenario is instead of dropping in a C wave as detailed in the chart, we race back to the intraday high in this reversal pattern..that would be a round W2 before W3..or W4 before W5 intraday..in either case I’d anticipate an attempt at the intraday highs by the close..

Worst case scenario: B wave fails at 2068 and we drop in a C wave to test 2053-2055 or near the break even point on the day..that would be A = C, but on a zigzag that would reverse by the close..

Where I’m leaning: [ms-protect-content id=”61,117,1559″]  I’m looking for a zigzag here but in either case, round w2 or zigzag C wave I’d expect a reversal into the close..the indices broke 786 in DOW and S&P and NASDAQ is really close. [/ms-protect-content]

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