"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, July 22, 2014
SPX - Still in sideways
Preferred count: it's hard to say if the market is still in triangular wave 4 or if wave 4 in flat form is already ended.
The next alternate count is bearish (the top is wave 5 of  so we are in corrective wave  )
With ACT, ALXN, AMBA, FB, UA that I've showed yesterday, others interesting leaders stock are: