SPX (S & P 500) Is In Wave 4 Down Of The Short Term Wave 1 Upcycle

SPX (S & P 500) is in Wave 4 down of the Short Term Wave 1 Upcycle that began early on 7-15, see http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c=. SPX has an up down up down pattern, so, it still "needs to do" (typically/almost always would do) Wave 5 up of the Short Term Wave 1 Upcycle, so, a Short Term Wave 2 Downcycle should begin today or tomorrow.

.......http://www.JoeFRocks.com/