"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)

Monday, July 1, 2013

SPX - The preferred count is bearish

Short- term preferred count (bearish): SPX is in wave [c] of y of x ; in this case, the main doubt is that the last intraday move doesn't seem impulsive;

Short - term alternate count (bullish); we are in the first leg of a new upward wave.

Have a great trading day...with care!


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