What Does a Fractal Look Like?
And What Does It Have to Do with the Stock Market?
By Elliott Wave International
Although Ralph N. Elliott came to his conclusions 50 years before the new science of fractals blossomed, he took a step that current observers of natural processes have yet to take. He explained not only that the progress of the market was fractal in nature but discovered and described the component patterns. Find out more about the stock market and fractals in this excerpt. Read more.
As I suspected it seems that wave P2 didn't finished yesterday. I will change the primary count as since today's lows SPX made an impulsive wave.
Alternative count: P3 already began and SPX is doing wave ii.
Best trades for all.
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For now SPX didn't gave any bear signals at long term and I still have some doubts about it. At sort term the bears control, hovewer the pattern since last day are truly choppy and complicated to count.
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