"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)


Thursday, February 7, 2013

SPX - Ready for a bullish breakout

Yesterday nothing happened; the index seems ready to continue the uptrend with a bullish breakout in the early stage of session, otherwise it falls down.
Preferred count (up): we are in wave 3 of [5] ;
Alternate count (sideways) : wave [4] is in progress like a triangle pattern.
2°Alternate count (down): wave Alt:[5] is ending and so Alt:c .

Have a great trading day...with care!

ElwaveSurfer



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