"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)


Wednesday, June 26, 2013

SPX - Bounce without conviction

Little rebound.
 
Preferred count: we are in wave c of [b] ; when it will end, new downward move.
Alternate count: we are in a upwave of minute degree; for greater consideration of this scenario, is required at least the breakout @ 1598.

Have a great trading day...with care!

ElwaveSurfer


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