"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 for a new bullish movement continues, but it is necessary that the breakout takes place as soon as possible, preferably today or the next session, otherwise the scenario deteriorates in the negative direction.
I confirm the scenarios presented in yesterday's post (to which I refer also to the hourly chart).
 
Have a great trading day...with care!

ElwaveSurfer


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