S&P Midday Forecast 1:30-4PM $SPX – 1.00 breakout onto 1.618 move into the minutes


This is the midday Elliott Wave Forecast For 1-4:30PM S&P 500 4 day 1 minute chart..best case = Explosive upside move on fed minutes onto 1.618 to the 2120-2125 range..

Best case scenario:  The breakout in the past 10 minutes is a 3 of 3 setup on the fed minutes..this would mean a follow through upside move for S&P and a late day extension to the current rally…1.618 X W1 in a golden ratio Wave 3 would target as high as 2120-2125 on the fed minutes…recently the fed minutes have been explosive up and down on the release, but I’m anticipating the “good explosive”

Worst case scenario: Deep 4 before 5 with resistance at 2072 and a corrective 2 back to 2047.5 to test the previous 4 support level.  This would be 5 waves up into the fed meeting and a real Wave 2 correction.

Where I’m leaning:  The momentum is VERY strong at this point with small retracements so I’m expecting a huge upside move at 2PM when the minutes come out..looks like a clear 1-2-3 pattern with a standard W2 zigzag that held 618 support and broke 1.00 resistance.  Hold tight this could be BoNkErS.

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 Lifetime Premium + Lifetime Crypto
Lifetime access to Wavegenius Premium ($499.95) and Crypto ($599.95). Inclu... - more...
Ending: 17th Dec 2018 13:00:00
Starting at
About Wavegenius