"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)
Tuesday, June 4, 2013
SPX - Contrasted scenarios
Theupwardend of the yesterday's session give precedence to alternative scenario but requiresa recountand there isalsothe possibility thatyesterday's lowis the end of the correction.
Main count: we are in wave 2 of [c] of x ; the correction is still in progress.
First alternate count: the bottom @ 1623 is the end of wave Alt:[c] and of wave Alt:x , so the uptrend resumes.