"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)
The expectedupward accelerationdelays so we arrive at a crucial point where the first two counts have the same chance.
Preferred scenario (bullish); the market is in the early stage of wave 3 of  of 1 or Alt:a
Alternate scenario (bearish); the market is in triangular wave Alt:[x] of Alt:b , first target 1714.
Froma monththe blog is notupdated everyday, as a rule,because I'm verybusy at workandI'm
studying foran importantpublic competition.
On Sunday, after the late harvest in the micro- vineyard hillside home , I suffered a sudden illness and well-known by troubling symptoms : pain in the chest , neck and left arm , difficulty in breathing and shortness of breath , tachycardia and arrhythmia .My wife has loaded me into the Suv and transported to first decent hospital in the area (30 km); along the way I started to faint a couple of times and, frankly, I thought it was over.I was in the ER all night under observation, under constant scrutiny and analysis .Luckily it was not a heart attack.The grotesque thing ? During the visit, the doctor did not even medical history (such as familiarity, work, sedentary lifestyle, isolated or repeated incident ... ) and in the analysis that has ordered has not even entered the blood sugar , cholesterol and triglycerides (in any case I pay them in the ticket ... ) so he could not know , until I told him , that my father died on the second heart attack and that I'm in pre-diabetes !
The doctor discharged me 10 hours after saying that probably it was not a heart attack but did not make a diagnosis , perhaps fatigue ( I slept 4 hours at night in the last month ) and the stress of competition ( and up to there, I arrived too ... ). It was not a good experience, I am now at rest for a week, the week in which I should give my best performance for the public competition on 30 October ...
SPXhas continued toriseaccording to the expected scenarios, and now seems to have reachedthetopofwaveandstartedthe wave of wave 1 of c . The first alternate scenario is terryfing; the Cycle Top. ElwaveSurfer
Main scenario: wave  of 1 of c of (y) .
First alternate scenario (very dangerous): Alt:5 of Diagonal Alt:c of (y) ; the target is the intersection of the yellow up-line (1.740 until the end of October !).
Second alternate scenario: we are in the 2°Alt:d of a triangular 2°Alt:b
Slight upgradein the counting. Consideredthat it is unlikelythat thecurrentbearishwaveisan impulsive, the preferred count becomes: [y] wave of y minute of b minor in form of irregular pattern, while the first alternate scenario: Alt:y of Alt: of Alt:c
SPX finds support @ 38.2% Fibonacci's retracement, but the down move doesn't seem finished.
We should be in wave [c/y] of c/y or in wave Alt:c of Alt: .
Nowone of the biggestdangersof instability inthe financial markets could be thepolitical and economic situationof Italy, where there isthe worstgovernment crisissince 70 years,with the country close to being commissioner by EU.
Themarket seems to havereached a very short term top of minuteor minuette degree.
Preferred scenario: after the top of b wave, a downward move has started; the b wave pattern could be an irregular or a running flat. First alternate scenario: after the top of Alt: of Alt:c , we are in the pullback of wave Alt: . First target: 1690.