"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, December 28, 2012

SPX - Turning point of minute or minor degree

Yesterday key reversal point;
now we have to understand if it is a wave w of minute degree, then only a rebound in the downward minor wave x , or if it is the final wave y of  x , then the bullish corrective minor wave y is beginning.
These two scenarios have the same odds.
Have a great trading day...with care!


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