SPX Did An Inverse Elliott Wave 12345 Down Up Down Up Down Pattern Since Late 1-19-10

SPX (S & P 500, http://bit.ly/i0nsT) did an inverse Elliott Wave 12345 down up down up down pattern (short term downcycle) from very late 1-19-10 until very early today 1-22-10* (actually, it's probably a Wave A of Wave 5 down cycle low, it's not the final short term cycle low; also, the intraday candle at the early cycle low wasn't bullish), see the five day intraday candlestick chart at http://bit.ly/3qGxf3. So, SPX should soon bounce for a day or two, and do a short term upcycle.

The five day SPX vs Lead Indicator Walmart (WMT) chart at http://bit.ly/4t6GS9 is extremely bullish, since WMT's leading to the upside by +2.00% to +3.99%, which obviously jives with an SPX short term upcycle occurring soon (The 1102.47 downside gap got filled, now watch/keep in mind the 1116.48 upside gap from today's open).



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