SPX Volume Was A Very Light 3.762 Billion Shares On 9-25

SPX's (S & P 500, http://bit.ly/i0nsT) volume was a very light 3.762 billion shares on Friday 9-25, versus the EMA (60) at 4.498 billion shares, which is a bearish indication, because, the big money wasn't buying weakness on Friday 9-25-09.

SPX (S & P 500, http://bit.ly/i0nsT) likely Wave 1, 3 ,and 5 dark candles for the important likely countertrend Wave B/Wave 4 Intermediate Term upcycle since 3-6-09 (probably Wave B and Wave 4 up of the Cyclical Bear Market since 10-11-07, see chart 2 at http://bit.ly/18T7lw) are evident on this two year chart, see http://bit.ly/I4OKe. SPX's likely countertrend Wave B/Wave 4 Intermediate Term upcycle since 3-6-09 appears to have peaked on 9-23-09 at 1080.15. As a trader I wouldn't trade SPX long now, but, the system won't turn bearish until a 5% major sell signal occurs.

A 5% major sell signal (5%+ decline after breaking uptrend line since 3-6-09, which looks like about 925 to 950, see second weekly view chart at http://bit.ly/i0nsT, and visualize uptrend) has to occur before the Trade the Cycles system indicates that the Major Intermediate Term Upcycle since 3-6-09 has probably peaked.

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