"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, March 28, 2013
SPX - Elliott Wave update
The wait fora newbullish movementcontinues, butit is necessary thatthe breakouttakes placeas soon as possible, preferably today or the next session,otherwisethe scenariodeteriorates in the negative direction. I confirmthescenarios presentedin yesterday's post(to which I referalsotothehourly chart).