"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 8, 2013

SPX - Update counts

The uptrend seems to be intact.
New preferred scenario (the old second alternate); bullish; pullback in wave [4] and after, new top with completion of wave [5] and wave a  (zig-zag a-b-c ?)
New alternate scenario (the old preferred): slightly bearish, wave Alt:b is underway.

Have a great trading day...with care!



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