S&P 500 Elliott Wave Noon Update 12.29.15 – 1-2-3 pattern setting up into a W3

This is the Noon Elliott Wave Update For 12.29.15 based on the 30 day 1 minute chart of the S&P 500…there’s a 1-2-3 pattern setting up off the recent lows into a Wave 3..

Best case scenario: The move from 2072 to 2005 was a C wave and the rally off 2005 was the start of a bullish impulse and bottom confirmation..if this is the case we’d be seeing 1-2-3 off the lows and the highest target based off the 60 point W1 would be a 90-100 point W3 off the 2045 low to 2135-2145 if it’s a pure W3 that travels 1.618 X W1.

Worst case scenario: We’d find resistance right where we are at the top of the B and fade dramatically into the close in a double B before downward C..2005 would be retested quickly..

Where I’m leaning:

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By wavegenius|2015-12-29T13:38:34-05:00December 29th, 2015|Chart Review|0 Comments

About the Author: 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: Recent 19,500% gain in one month trading options, 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 2900+ 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…