Trade the Cycles

Monday, April 05, 2010

SPX's Upcycle Since 2-5-10 appears to be a final Wave 5 blowoff spike move


SPX's (S & P 500) Intermediate Term Upcycle Since 2-5-10 has the look of/appears to be a final Wave 5 blowoff spike move (up down up down up pattern since 3-6-09's major cycle low at 666.79), see http://stockcharts.com/charts/gallery.html?s=spx.

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posted by Joe Ferrazzano at 1:07 PM

9 Comments:

  • The Weekly (five day period ending 4-7-10) Fed Credit Delta/Change is a Modestly Bearish -$602 Million, see http://www.federalreserve.gov/releases/h41/Current/.

    The Weekly Fed Credit Delta/Change was a bearish -$7.424 Billion in the five day period ending 3-31-10. So, the two week Fed Credit trend is obviously bearish.

    By Blogger Joe Ferrazzano, at 2:07 PM  

  • Daily Fed Credit Was a Bearish/Below Average $4.973 Billion today 4-8-10, see http://goo.gl/fb/dEicM

    By Blogger Joe Ferrazzano, at 2:08 PM  

  • Very Bearish Collapse of the Intra Day SPX Wall of Worry today 4-8-10, http://goo.gl/fb/DwjvL

    By Blogger Joe Ferrazzano, at 2:09 PM  

  • SPX 1228.74 is a Fibonacci 0.618 Retrace of the -909.30 Point Decline, http://goo.gl/fb/VZOhZ

    By Blogger Joe Ferrazzano, at 1:01 PM  

  • SPX (S & P 500, http://bit.ly/i0nsT) Volume Spiked Dramatically Today 4-14-10 To 4.915 Billion Shares versus the 60 day EMA at 3.823 Billion Shares, see http://bit.ly/i0nsT, which points to important peaking action, because, dramatic volume spikes tend to (almost always) confirm/coincide closely with price spikes/inverse spikes (cycle highs/cycle lows).

    By Blogger Joe Ferrazzano, at 4:05 PM  

  • SPX (S & P 500, http://bit.ly/i0nsT) Volume Spiked Dramatically Today 4-16-10 to About Seven Billion Shares versus the 60 day EMA at 3.865 Billion Shares, see http://www.google.com/finance?q=INDEXSP:.INX; which points to important peaking action, because, dramatic volume spikes tend to (almost always) confirm/coincide closely with price spikes/inverse spikes (cycle highs/cycle lows).

    SPX (S & P 500, http://bit.ly/i0nsT) Volume Spiked Dramatically On 4-14 and 4-15 To 4.915/5.081 Billion Shares versus the 60 day EMA at 3.865 Billion Shares, see http://bit.ly/i0nsT, which points to important peaking action, because, dramatic volume spikes tend to (almost always) confirm/coincide closely with price spikes/inverse spikes (cycle highs/cycle lows).

    By Blogger Joe Ferrazzano, at 1:10 PM  

  • SPX's Upcycle Since 2-5-10 Might Have Peaked http://goo.gl/fb/QbifO

    By Blogger Joe Ferrazzano, at 1:11 PM  

  • SPX (S & P 500, http://bit.ly/i0nsT) Rose on Bearish Well Below Average Volume of 3.748 Billion Shares Today 5-3-10 vs the 60 day EMA at 4.261 Billion Shares, see http://bit.ly/i0nsT. Also, VIX collapsed a very bearish -8.44% today 5-3-10. Watch gaps/magnets at 1212.05 and 1186.68 tomorrow.

    By Blogger Joe Ferrazzano, at 8:08 PM  

  • 5-4-10: SPX's (S & P 500, http://bit.ly/i0nsT) Elliott Wave Count Points to an Imminent Short Term Cycle Low, see http://bit.ly/i0nsT. Since the recent 1219.80 cycle high (shown on the chart) SPX has done a Wave A downcycle followed by a counter trend Wave B upcycle, then, SPX did Wave A of Wave C down, Wave B of Wave C up, and, appears to be in the final Wave C of Wave C downcycle now, probably very near a bottom, see http://bit.ly/i0nsT.

    Usually downcycles follow BOTH an Elliott Wave ABC down up down pattern AND an inverse Elliott Wave 12345 down up down up down pattern on the daily chart, but, occasionally, as is probably the case for SPX now, it only does an Elliott Wave ABC down up down pattern.

    The very high volatility (a volatility spike, which has a high correlation with a very high level of fear) also points to an imminent important cycle low.

    By Blogger Joe Ferrazzano, at 1:07 PM  

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