"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, October 2, 2012

SPX - Congestion phase before the thrust

The market is still in a phase of strong indecision;
my preferred count and the first alternate are now very similar in probability;
it's important that there isn't the breakdown of the trendline support, otherwise the bearish scenario prevails (see last post).
Have a great trading day...with care!

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