"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)

Monday, January 14, 2013

SPX - Waiting for a true breakout

Friday's movement  doesn't change my preferred and alternative scenarios described in my post of January 11, which I fully reference.
I'm waiting for a true bullish breakout, even if the pattern doesn't convince me.
Have a great trading day...with much care!!!


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