"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)


Wednesday, March 27, 2013

SPX - Waiting for a bullish breakout

The market always shows an amazing strength and seems it doesn't want to retrace.
To two counts presented in yesterday's post , I add an option, the second alternate count: b wave is finished @ 1546.
The substance does not change, rather appears enhanced; the scenarios of an impending bullish breakout become more likely.
 
Have a great trading day...with care!

ElwaveSurfer


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