"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)


Friday, September 13, 2013

SPX - Waiting for the top's reversal


Even if the market could be in a top's reversal [y] of b,
1°) the last rebound was stronger than expected,
2°) the pattern is not clear ,
3°) a confirmation is required,
so no short position.
 
Above 1692 the first alternate count (bullish: wave Alt:c of Alt:y ) prevails.
 
Have a great trading day...with care!
 
ElwaveSurfer
 

No comments:

Post a Comment