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.
New highs were made but SPX didn't made any impulsive wave for the downside. So is possible any extension of this wave 5 of 5. The price is inside the channel and the bulls are in control. Therefore, the odds suggest another higher high at SPX.
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