"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
Afterthe sell-offon Monday,it increases the likelihood ofa bearish breakdown of flat pattern; in such case,the alternative scenario(red dotted line) would prevail.