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$SPX $ES_F Elliott Wave Forecast 9:30-12PM – Flat open after huge move


This is the Elliott Wave Forecast For 12.02.15 9:30-12PM of the S&P 500 based on the 30 day 1 min chart..pre-market futures are flat, but that doesn’t mean we won’t get a follow through 3…

Best case scenario:  Based on the flat open…if we don’t fade like a rock here in a 5th wave, the best case scenario is that we’ve entered a slow grinding W3..that would be the best thing possible here…the first wave was really fast so the W3 could end up being a slow grinder to the intended 2200 target..the setup is there right now for that very move, but it may happen in a non crazy and tepid move up..

Worst case scenario:  The non follow through of yesterday’s move this morning is a 5th wave and the S&P gets slammed down below 2090 to test 2070 in a corrective Wave 2…no grinder, just a 5th wave and a failed third wave attempt.

Where I’m leaning:  The grinder scenario is very much the likely scenario, but the first indication at the open is what I want to see…do they open and pop up or slam it in a corrective 2…first 15-30 mins will show it.

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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!) 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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