"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, April 1, 2013

SPX - Final bullish wave appears in progress.

The market has reached a new top.

Preferred scenario; bullish: wave b is ended; we are in the first wave [1] of c .
The first alternate has the same implications (new highs).
the second alternate considers this upward move the wave [b] of an irregular pattern [a-b-c] of wave b still in progress, so it is bearish.

Have a great trading day...with care!

ElwaveSurfer


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