"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)


Tuesday, July 31, 2012

SPX - Sailing by sight

Stop on the Fibonacci retracement 0.786. The last move appears to have the characteristics of an impulsive wave, although wave 3 is very long (greater than 2.618 x 1).
Still cautious, the market has gained strength but the structure is very doubtful.
Have a great trading day...with care!


Fermata sul ritracciamento di Fibonacci del 0.786 .
L'ultima onda sembra avere le caratteristiche di una impulsiva, anche se la
3 è molto lunga (maggiore di 2.618 x 1).
Ancora prudenza; il mercato ha guadagnato forza ma la struttura è molto dubbia.

Buon trading...e prudenza!

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