"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, June 7, 2012

SPX - Bullish corrective wave

The strong oversold has begun this bounce and it seems also started the bullish corrective x wave of minor degree.
I wait for the pullback of wave 2/b to open a long position,
The alternative scenario is more complex and I illustrate it in other page within the week.
Have a great trading day...with care!

Il forte ipervenduto ha iniziato il rimbalzo e sembra iniziata anche l'onda x minor correttiva rialzista.
Aspetto il pullback di onda 2/b per aprire long.
Lo scenario alternativo è più complesso e lo illustro entro la settimana in altra pagina.
Buon trading e prudenza!

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