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.
At this points, as I posted in my last chart, does not make sence count this waves as wave 4. However the waves aren't clear and can't find any impulsive wave to the downside. So my primary count suggests SPX is labelling another X wave to the downside.
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