"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 15, 2013

SPX - Waiting for a first top

The wave [4] was already over in a "fast and short mode".
The index, by now, is very close to the first bullish target (1565-1570), considered the most optimistic assumptions as end of wave a of minute degree.
Between today and the next trading session could be completed the wave [5] , then starts the pullback in wave b .
Have a great trading day...with care!!!



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