Trade the Cycles

Monday, January 25, 2010

SPX's Bearish Daily Candle On 1-22 Suggests That Downcycle Since 1-19 Didn't Bottom Yet

SPX's (S & P 500, http://bit.ly/i0nsT) bearish daily candle on 1-22-10 suggests that the Short Term Downcycle since 1-19 probably didn't bottom yet, see http://bit.ly/i0nsT


Today's very early SPX (S & P 500, http://bit.ly/i0nsT) bounce is an oversold bounce, with nearly all of the upside so far coming in the spike move at the open, see the five day intraday candlestick chart http://bit.ly/3qGxf3.


Trading Roadmap: WATCH SPX's downside gap/magnet at 1091.76 from the open, 5 day chart http://bit.ly/3qGxf3.




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

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