"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 28, 2013

SPX - Rebound until Fibonacci's retracement

The rebound continued until 0.618 Fibonacci's retracement of previous downward wave (labeled [a] )
Now is it finished?
If so, the preferred scenario (bearish) prevails, otherwise the alternative becomes the main (see last post).
Have a great trading day ... with care!

ElwaveSurfer



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