SPX (S & P 500) Is Doing A Countertrend Short Term Wave 2 Upcycle

SPX (S & P 500, http://stockcharts.com/charts/gallery.html?%24spx) is doing a countertrend Short Term Wave 2 Upcycle, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=&a=p12,fs,w14&c=. The inverse Elliott Wave 12345 down up down up down downcycle from very late on 3-26-09 to late yesterday 3-30-09 was a short term Wave 1 downcycle.

The SPX (S & P 500, http://stockcharts.com/charts/gallery.html?%24spx) upcycle since late yesterday 3-30-09 is a short term Wave 2 upcycle, in which it should fail to fill yesterday's upside gap at 815.94, making it a bearish breakaway gap. So, a short term Wave 3 downcycle/very large move down should soon begin.

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