"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 11, 2013

SPX - The uptrend is still underway

The uptrend seems intact.
My preferred scenario is always the same; we are in the wave [3] of minute wave a of minor wave z .
First alternate scenario: Alt:[5] of a .
Second alternate scenario: 2°Alt:[c] of a .

First target: 1565-1570 area (the end of wave a)

Have a great trading day...with care!


PS: we always have to consider that we should be close to the end of a wave of Cycle degree , so carefully!!!

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