Trade the Cycles

Thursday, February 18, 2010

SPX's (S & P 500) Big Short Term Wave 1 Upcycle Since 2-5-10 Appears to be Peaking

SPX's (S & P 500, http://bit.ly/i0nsT) big Short Term Wave 1 Upcycle since 2-5-10 appears to be peaking, see http://bit.ly/i0nsT.

Trading Roadmap: WATCH SPX's 1116.48 upside gap/magnet early tomorrow, and, keep in mind the downside gap/magnet at 1075.51 from 2-16's open, see the 5 day intraday candlestick chart at http://bit.ly/3qGxf3.

SPX's (S & P 500, http://bit.ly/i0nsT) intraday candlestick chart appears to be risky bullish/peaking/peaked (bearish dark candle with a spike occurred very late in the session), 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 neutral/extremely bearish/
extremely
bearish, see http://bit.ly/90I4Mz.

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

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

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.

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2 Comments:

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