A Brief SPX Wave 5 Up Move Is Likely Early Tomorrow
A brief SPX (S & P 500,http://bit.ly/i0nsT) Wave 5 up move is likely early tomorrow 2-10, since SPX did an up down up down pattern since yesterday 2-8's close/cycle low, see the five day intraday candlestick chart at http://bit.ly/3qGxf3, which jives with the modestly bullish 5 day Exxon Mobil (XOM) and very bullish 5 day Walmart (WMT) Lead Indicators (DJUSFN (DJ US Financials) points to weakness after likely early strength, jives with the Elliott Wave count), see http://bit.ly/90I4Mz. See SPX's bullish intraday candlestick chart at http://bit.ly/12SpXH.
I'll be looking to day trade SPX (S & P 500,http://bit.ly/i0nsT) ultra short via SDS early tomorrow, after likely early strength, watching any gap created at the open, and, keeping in mind today's downside gap at 1056.74.
SPX (S & P 500,http://bit.ly/i0nsT) put in a Monthly Cycle Low at 1044.50 on Friday 2-5-10. A very bullish daily white candle occurred (close above the open), with a very large inverse spike.
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