"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 27, 2013
SPX - The rebound could be finished
Preferred scenario (bearish): wave [b] is ended, so begins downward wave [c] of minute wave y of minor wave x ; first target @ 1536.
Alternate scenario (bullish) : wave Alt:y is already finished; even if the bounce has broken 1598, this remains the first alternative.