"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, June 21, 2013

SPX - Confirmed the bearish main count

Hard sell-off on FED's exit strategy from monetary stimulus.
The market dropped , even more of my expectation, also on increased volume.

Both the top two scenarios are bearish.

Main count: we are in wave [a] of y of x minor.
First alternate: the Cycle top was reached a month ago.

Have a great trading day ... with care!


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