"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)


Thursday, June 20, 2013

SPX - The bearish scenario prevails

Wrong expectation.

Yesterday, on the Fed's announcement,  the alternate scenario posted 2 days ago prevails:
we have reached a top of minute degree, wave x of minor wave x , and now started the downward wave y .
The outlook is bearish.

Have a great trading day...with care!

ElwaveSurfer
 
 

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