"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 26, 2013
SPX - Topping of minute degree.
Preferred scenario; SPX has reached the top of wave b/x minute, now down move in c/y wave.
Alternate scenario: the top is wave [y] of b/x , and the ongoing pullback the second wave [x] of a double complex; new upward wave in [z] that ends wave b/x .