"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)


Wednesday, January 6, 2016

SPX - In trouble

After the sell-off on Monday, it increases the likelihood of a bearish breakdown of flat pattern;  
in such case, the alternative scenario (red dotted line) would prevail.


ElwaveSurfer

4 comments:

  1. I used a lot this list given by you it is handy and profit making.......

    HNI calls

    ReplyDelete
  2. Great post!

    Have a look at the longer term chart of gold here => http://www.bit.ly/1TK77rs

    That is an amazing chart, and historical. It means BIG THINGS ARE COMING for
    currency and the ECONOMY. WOW!

    ReplyDelete
  3. I really like this post. Highly recommend to everyone. Thank you.
    euro dollar forecast

    ReplyDelete