Monday, July 13, 2015

SP Poised After .618 Retrace

Elliott Wavers alert! After a 1st wave down the SP has retraced .618 of that, as of this morning, to complete a 2nd wave. And we all know what happens next; 3rd waves are typically a significant multiple of the 1st and that was 87 points.

click to enlarge
A 3rd wave of Fibonacci multiple 1.618 from this mornings high of 2084 targets 1981,
and  if 3 = 2x 87.5 than its 1909 etc.

My hot tip for buy of the year;

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