"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, August 7, 2012

SPX - Uptrend till denial

Yesterday side session.
The market remains bullish;  next target 1417 and then 1423;
if it breaks this level then prevailing alternate count (the bottom of 4 June becomes (x) intermediate and not w minor); I post it soon.
It's coming the Fibonacci time clusters in late August / early September (see "U.S. index - Long term view" page)
Have a great trading day...with care!

Ieri seduta laterale,
il mercato rimane rialzista; prossimo obiettivo 1417 e poi 1423; se rompe questo livello, allora prevale il conteggio alternativo (il minimo del 4 giugno diventa l'onda (x) e non l'onda w)
Si avvicina il Fibonacci time cluster di fine agosto /primi settembre (vedere "US index - Long term view" page)
Buon trading...e prudenza

No comments:

Post a Comment