"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, August 20, 2013

SPX - Ready for a rebound

Technically, at this point, a rebound is very likely but that it will be an upswing we cannot still say; the trend of minute degree is always down, so I don't try to take the bottom.
 
From my WATCH LIST posted yesterday, I remove HLF (due to the breakdown of support @ 63.40 with volume up, it's no longer an interesting swing trade) and I add FB.
 
Have a great trading day...with care!

ElwaveSurfer


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