SPX's Upcycles Since 11-2-09 & 12-9-09 (EW 12345 patterns) Are Peaking

SPX's (S & P 500, http://bit.ly/i0nsT) upcycles since 11-2-09 and 12-9-09 (Elliott Wave 12345 patterns) are peaking,  see http://bit.ly/i0nsT. Maybe this is the final push for the SPX major upcycle since 3-6-09.


See Friday's update at http://bit.ly/8FK6YE for more details/info.


Follow me on Twitter (highly recommended), see http://twitter.com/tradethecycles.

IBM apparently had a good earnings report today with positive guidance, but, the stock is off well over 2 points (about -2.75 points) after hours right now, which is a bearish sign for SPX/the market early tomorrow.


The five day SPX vs Lead Indicator Walmart (WMT) chart at http://bit.ly/4t6GS9 is/closed at very bearish, since WMT's leading to the downside by -1.00% to -1.99%, which points to early SPX/market weakness tomorrow/Wednesday, though very early strength appears likely, since SPX closed very near the session cycle high.


The five day intraday SPX Wall of Worry (SPX vs VIX) is very bearish, because, a crash occurred since Friday, see http://bit.ly/vryF4.


Fed Credit was very light again today, which is a bearish indication for tomorrow, see http://bit.ly/wQNYC.


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