SPX ls Doing (Likely) An Inverse Elliott Wave 12345 Downcycle Since Very Early Today
SPX (S & P 500, http://bit.ly/i0nsT) is doing (likely) an inverse Elliott Wave 12345 down up down up down downcycle since very early today 12-7-09, with Wave 5 down probably occurring, and, the 1095.63 downside gap/magnet probably getting filled, early tomorrow (session cycle low likely at Daily Support 2 1095ish early tomorrow 12-8-09), see 5 day chart http://bit.ly/3qGxf3.
.......http://www.JoeFRocks.com/
.......http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
3:48 PM
2 Comments:
SPX's 2 day nearly 66% volume spike from 12-2 to 12-4 points to Fri 12-4 being an important cycle high.
By
Joe Ferrazzano, at 4:09 PM
Follow me, @tradethecycles, on Twitter.
By
Joe Ferrazzano, at 10:21 PM
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