"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, May 3, 2013

SPX - The pattern is not clear

Yesterday's upward move complicates the pattern.
Maybe it's the beauty of Tuscany's landscapes, where I am on vacation, that distract my concentration but I can not find a proper count.
It seems that the market is forming a congestion to search for bullish breakout.
Have a great trading day ... with care!

ElwaveSurfer



example of Tuscany landscape
 

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