"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 11, 2013
SPX - Triangle pattern
It seems to be forming a triangle pattern.
Preferred count (bullish): close to wave c/y of [a]/[w]
Alternate count (bearish): a Neely's reversal triangle in Alt:(b) is ending, so a down move in Alt:(c) of Alt:ii/b will start.
Have a great trading day .. with care!
ElwaveSurfer
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