"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 17, 2013

SPX - Top of sub-minuette degree.

It's possible that the top of wave 3 was reached yesterday, now wave 4 of sub-minuette degree.
 
Alternate scenario; SPX has completed the 2°Alt:5 and the Alt:[3] (less likely the Alt:[c] ), so this down move has a minuette degree.
 
In any case, the uptrend is yet underway.
 
Have a great trading day ... with care!

ElwaveSurfer



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