"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, September 24, 2012

SPX - Trend still downward , immediately or shortly

I could be counter trend, but I think the bottom of  x wave has not yet been reached;
first target 1446-1444, and second target  1428-1426.
However, if it were valid the first alternate count, a climb up to the highest can not be excluded.
Now it requires patience and prudence.
Have a great trading day...with care!!!

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