"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, October 18, 2012

SPX - Confirmed uptrend with incoming correction

The market trend confirms the bullish scenarios presented yesterday.
The structure looks like a  complete 5 Elliott wave pattern [1] / [a], so today is likely the beginning of a deep or sideways correction [2] / [b].
Have a great trading day...with care!

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