"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, April 19, 2013

SPX - Top of high degree

Sorry for the lack of yesterday's post, I was far away from the civilized world ... no internet connection...
 
After the main scenario was invalidated, the first alternative scenario is shocking because it foresees the end of Cycle Bull Market , that is the top of wave z minor of (z) intermediate of [Y] Primary of B/X/D Cycle.

For now, this scenario is a provocation many other signals are needed for a confirmation, but I think the top of April 11 remains for several weeks and it's a top of high degree.

In the short and medium term the preferred scenario is bearish.

Have a great trading day ... with care !!!

ElwaveSurfer



 

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