"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, September 2, 2013

SPX - The bearish pattern is not over.

The "Three" of last Thursday , which wasn't invalidated in the Friday's session, requires an update count.
Preferred scenario; the five impulsive pattern of wave a is not over, I'm waiting for a new bottom.
First alternate scenario: we are in a double zig-zag Alt:[w]-[x]-[y] and a new down move is starting.

Have a great trading day...with care!


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