"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, October 11, 2013

SPX - The bottom occured, bullish scenarios

I wrote yesterday that the bottom was not far away, while it was probably that of the previous day on the 78.6% Fibonacci retracement.

Now SPX could be in the impulsive wave [1] of 1 of  c minor or in the Alt [3] of Alt:c of Alt:y , so the two main scenarios are bullish.
 
There is the time to go long.

Have a great trading day...with care!

ElwaveSurfer



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