SPX's Upcycles Since 11-2-09 & 12-9-09 (EW 12345 Patterns) Probably Peaked Yesterday 1-19-10
SPX's (S & P 500, http://bit.ly/i0nsT) upcycles since 11-2-09 and 12-9-09 (Elliott Wave 12345 patterns) probably peaked yesterday 1-19-10, see http://bit.ly/i0nsT. SPX put in a very bearish triple top the past seven sessions.
Trading Roadmap: WATCH SPX's downside gaps/magnets at 1115.10 and 1114.05, see the five day intraday candlestick chart at http://bit.ly/3qGxf3.
SPX's (S & P 500, http://bit.ly/i0nsT) Major Upcycle since 3-6-09 might have peaked yesterday 1-19-10, see http://bit.ly/i0nsT.
Follow me on Twitter (highly recommended), see http://twitter.com/tradethecycles.
Fed Credit was very light the prior two days, which is/was a bearish indication, see http://bit.ly/wQNYC.
.......http://www.JoeFRocks.com/
Trading Roadmap: WATCH SPX's downside gaps/magnets at 1115.10 and 1114.05, see the five day intraday candlestick chart at http://bit.ly/3qGxf3.
SPX's (S & P 500, http://bit.ly/i0nsT) Major Upcycle since 3-6-09 might have peaked yesterday 1-19-10, see http://bit.ly/i0nsT.
Follow me on Twitter (highly recommended), see http://twitter.com/tradethecycles.
Fed Credit was very light the prior two days, which is/was a bearish indication, see http://bit.ly/wQNYC.
.......http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
8:26 AM
1 Comments:
The SPX Super Bull Market since 1932 ended with a bearish double top in March 2000/October 2007 see http://bit.ly/FypjN
By
Joe Ferrazzano, at 3:09 PM
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