"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)

Wednesday, July 3, 2013

SPX - Sideways action

With the stock market that is closing early today and will close Thursday for the Independence Day holiday, I do not expect big moves.
This could be an opportunity to draw a sideways pattern (such as triangle or flat or three) but it would invalidate the preferred scenario.

Have a great trading day ... with care!


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