"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 [3] so we are in corrective wave [4] )

With ACT, ALXN, AMBA, FB, UA that I've showed yesterday, others interesting leaders stock are:

I look also NFLX.
Yesterday long FB @ 68.60 (half position)

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