Trade the Cycles

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.

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6 Comments:

  • Three month WMT/XOM Lead Indicators are flashing caution: see http://bit.ly/df5I2d

    By Blogger Joe Ferrazzano, at 8:51 PM  

  • SPX's (S & P 500) 1105.24 upside gap/magnet from yesterday 2-25's open got filled today 2-26. Otherwise, not much else changed today.

    By Blogger Joe Ferrazzano, at 2:59 PM  

  • The 5 day intraday SPX Wall of Worry (SPX vs VIX) is very bearish: see http://bit.ly/vryF4

    By Blogger Joe Ferrazzano, at 2:59 PM  

  • 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.

    By Blogger Joe Ferrazzano, at 3:01 PM  

  • SPX (S & P 500) volume was a well below average 3.580 billion shares vs the 60 day EMA at 3.904 billion shares, which is a bearish indication for early Monday 3-1-10.

    By Blogger Joe Ferrazzano, at 3:04 PM  

  • 0.618 Fibonacci retrace of +21.22 pt rise since very early yesterday 2-25 implies -13.11 pt decline to 1094 on Monday.

    By Blogger Joe Ferrazzano, at 3:20 PM  

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