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S&P 500 Morning Update 9:45-12PM – Pop to 382 may have single handedly stopped the C wave


This is the morning Elliott Wave Forecast For 12.10.15 9:45PM-12PM of the S&P 500 based on the 30 day 1 min chart…this morning S&P is up almost 7 points and hit 382 moments ago..the C might be over.

Best case scenario:  The intraday spike hit 382 at 2055 moments ago..that’s the upward w4 which would single handedly stop the C or downward 3, and any drop here would be a mild 5 before another bigger 618 reversal…if I see that 5th wave down after this upward 4 spike, it wouldn’t be bad idea to bottom fish here for the 618 reversal.

Worst case scenario:  The 5th wave, should it appear after this 4th wave, is the really big version would would drop down to test the zigzag target level of 2033 before reversing…that doesn’t sound too bad, yes, because 4th waves pretty much stop any downward C or 3 momentum and helps bottom formations like this.

Where I’m leaning:

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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!) 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, 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 the time the calls were considered insane to most and hundreds of his charts have been like that..until they actually 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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