"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)


Monday, January 23, 2012

SPX - Uptrend till opposite signal.

Confirmed uptrend, the market has exceeded the Fibonacci's price cluster @ 1308-1310 but now must rest.
I update the count but it does not change anything and even when the wave y ends, it doesn't said that the market is ready for the reversal, it could rise much further.
Only long positions on pullbacks stochastics with a balanced pattern and proper price, time, momentum and / or cycle.

Have a great trading day...with care!
 




Uptrend confermato; il mercato ha superato il Fibonacci's price cluster @ 1308-1310 anche se ormai dovrà riposare.
Ho aggiornato il conteggio ma nella sostanza non cambia nulla, e anche quando finirà l'onda y, non è detto che il mercato sia pronto per invertire, potrebbe salire ancora.
Solo operazioni long sui pullbacks dello stocastico, con un pattern equilibrato supportato da un adeguato prezzo, tempo, momentum o ciclo.

Buon trading ... e prudenza!


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