This is the morning Elliott Wave Forecast For 12.05.15 based on the S&P 500 30 day 1 min chart..Best case: ABC flat has completed and we reverse way higher from the opening gap into an upward 3.
Best case scenario: 2107 to 2019 as detailed was an A wave in a flat, the move from 2019 to 2104 was a B wave and the C wave fell short of the full C wave target to 2019 and rallied…S&P needs to break at least 618 above 2080 to confirm this potential full ABC flat bottom, and it looks like it’s on it’s way to do that today..the opening move was very strong, and a sustained move above 618 would help a lot.
Worst case scenario:
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