"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)


Thursday, August 1, 2013

SPX - There is also an unpleasant scenario

Yesterday bad session, with the birth of an unpleasant scenario.

Preferred scenario (bullish): we are in wave 2 of [5]
First alternate scenario (slightly bearish): we are in Alt:y of Alt:[4]
Second alternate scenario (2°Alt:) (unpleasantly bearish): wave [5] and a are completed, so begins a downtrend of minute degree (1° target 1650).
 
Have a great trading day ...with care !!!
 
ElwaveSurfer
 
 

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