Trade the Cycles

Tuesday, February 16, 2010

SPX Will Probably Fill the Upside Gap/Magnet at 1097.28

SPX (S & P 500, http://bit.ly/i0nsT) will probably fill the upside gap/magnet at 1097.28 (also watch 1103.32) early tomorrow, then, based on the Elliott Wave count since 2-5-10 (up down up down up pattern), a large Short Term Wave 1 Upcycle since 2-5-10 may peak shortly thereafter, see the daily candlestick chart at http://bit.ly/i0nsT, and, see the 5 day intraday candlestick chart athttp://bit.ly/3qGxf3.

SPX's intraday candlestick chart appears to be bullish/peaking, since SPX appears to be in a Wave 5 up move, see http://bit.ly/12SpXH .

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

The intraday SPX Wall of Worry (SPX vs VIX) closed very bearish, see http://bit.ly/UTZwc.

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

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