Trade the Cycles

Friday, February 26, 2010

0.618 Fibonacci Retrace of +21.22 Point Rise Since Very Early Yesterday 2-25

A 0.618 Fibonacci retrace of the +21.22 point SPX (S & P 500, http://bit.ly/i0nsT) rise since very early yesterday 2-25 (5 day chart http://bit.ly/3qGxf3) implies a -13.11 point decline to 1094 on Monday.

SPX (S & P 500, http://bit.ly/i0nsT) volume was a well below average 3.580 billion shares today 2-26-10 vs the 60 day EMA at 3.904 billion shares, which is a bearish indication for early Monday 3-1-10.

VIX was down -2.99% today 2-26-10 vs SPX up +0.14%, which is a bearish indication for early Monday 3-1-10.

SPX (S & P 500) put in what appears to be a Short Term Wave 4 Cycle Low yesterday 2-25, see http://bit.ly/i0nsT. A Monthly Upcycle began on 2-5-10, when a very large bullish inverse spike (2-25's was large/bullish) occurred on a white candle (close above the open).

Labels: , , , , , , , , , , , ,

posted by Joe Ferrazzano at 3:46 PM | 3 comments

Thursday, February 25, 2010

SPX (S & P 500) Put In What Appears To Be a Short Term Wave 4 Cycle Low Today 2-25

SPX (S & P 500) put in what appears to be a Short Term Wave 4 Cycle Low today 2-25, see http://bit.ly/i0nsT. A Monthly Upcycle began on 2-5-10, when a very large bullish inverse spike (today's was large/bullish) occurred on a white candle (close above the open).

Trading Roadmap: WATCH SPX's (S & P 500) 1105.24 upside gap/magnet from today 2-25's open, and, WATCH SPX's 1116.48 upside gap/magnet from 2-16's open, see 5 day chart http://bit.ly/3qGxf3. There's also an upside gap at 1150.23, that may get filled in this or the next Monthly Upcycle.

The 5 day DJUSFN/WMT/XOM Lead Indicators are very bullish/very bullish/bearish, see http://bit.ly/90I4Mz.

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

Nothing discussed on this Blog is a recommendation, or, should be construed as investment advice.

Labels: , , , , ,

posted by Joe Ferrazzano at 1:55 PM | 6 comments