"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, March 1, 2013

SPX - The correction continues

My first two scenarios remain neutral / bearish in the short-term.
Preferred scenario; wave b/x is in progress like a zig-zag pattern, and after the completion of the impulse wave [a] , was started wave [b] .
First alternate scenario; the last upward wave was not an impulse but a Alt:[a]-[b]-[c] (even if the Alt:[c] is disproportionate in relation to the wave Alt:[a] :-/ ) that completes wave Alt:b/x , so the downtrend of minute degree is already resumed.
Have a great trading day...with care!


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