"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)
Thursday, December 8, 2011
SPX 10 m - Sideways in progress, the trend remain bullish
Sidewise correction is not yet over.
Because the strength of the bull market, it's possible that new long position will be open at the breakout of 1268 level, without wait the pullback stochastic under 20.
It's important to verify the structure of wave b (red).