"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, March 25, 2013

SPX - Be ready for a new upward move

b wave could be finished because we have reached the minimum target time, the Fibonacci time projection (a * 38.2%).
Preferred scenario: b wave in ended with a complex corrective pattern [w]-[x]-[y] and c wave is starting;
First alternate scenario (new); b wave in not ended because it is a triangle and the waves [d] and [e] are still under construction;
Second alternate scenario (2°Alt: the old first), we are in Alt:3 wave of  Alt:[5] .
Have a great trading day...with care!


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