"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

The upward end of the yesterday's session give precedence to alternative scenario but requires a recount and there is also the possibility that yesterday's low is 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.

Have a great trading day ... with care!

ElwaveSurfer



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