S&P 500 Noon Update 12.08.15 1-3PM – Dangling over the edge..but


This is the Noon Elliott Wave Forecast For 12.08.15 on the 30 day 1 minute S&P 500 chart…still dangling over the edge, although it did make an attempt at green..

Best case scenario: S&P holds 618 support at 2061-2062 and rallies over the intraday high at 2073..that would setup a reversal over the top of B at 2079 or 786 at 2082…at this point however, the fade from the intraday highs didn’t help at all..it’s making it very hard to reverse unless NASDAQ goes completely hog wild into positive at the close and carries everything up.

Worst case scenario: Failure to hold support at 2061 followed by a break of the intraday low at 2053..that would setup a continuation of a downward 3 to as low as 2019 or 1994 in a full downward 3..the fade from the highs setup this type of move, so DOW and S&P better start reversing here ..quick

Where I’m leaning:

The content you are trying to access is only available to members. Sorry. Please Click Here To Register. membersonly

Or become a member! Membership has it's benefits...

Click here to become a member and gain access to all the premium features!

About the author

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...

Related Articles

Wavegenius Elliott Wave Cheat Sheet Mug!
$19.95 plus $2.99 to ship. US Only.
About Wavegenius