"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)

Friday, November 16, 2012

SPX - The downtrend is incomplete

The downtrend is not complete.
I wait at least the 61.8% Fibonacci retracement, then it is necessary to observe the subsequent reaction to see if the bearish wave is finished or if it prevails the alternate count.
Have a great trading day...with care!


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