Trade the Cycles

Saturday, September 25, 2010

Short SPX ETF SH's Elliott Wave Count

Short SPX ETF SH's Elliott Wave Count Since the 53.98 Cycle High, see http://stockcharts.com/charts/gallery.html?s=sh. Since the 53.98 Cycle High SH has done an inverse Elliott Wave 12345 down up down up down pattern (a huge Wave 3 Downcycle occurred, with it's own inverse Elliott Wave 12345 down up down up down pattern), with a Short Term Wave 5 Downcycle in effect since shortly before Thursday 9-23-10's close.

It looks like SH's Monthly Downcycle will probably bottom and SPX's (S & P 500, http://bit.ly/i0nsT) Monthly Upcycle since 8-27-10 will probably peak shortly after SPX probably fills the 1157.43 upside gap, possibly early on Monday. SPX's big spike move since just before Thursday 9-23-10's close is a sign of important peaking action, and, volume should spike on Monday, if SPX peaks.

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posted by Joe Ferrazzano at 8:21 PM | 0 comments

Thursday, August 26, 2010

SH ETF is Probably in a Big Short Term AND Intermediate Term Wave 3 Upcycle


SH ETF (short SPX/S & P 500) is probably in a big Short Term AND Intermediate Term Wave 3 Upcycle, very bearish for SPX, see http://yfrog.com/jt67wp.

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posted by Joe Ferrazzano at 9:20 AM | 0 comments

Monday, June 14, 2010

SPX Barely Took Out 6-3-10's 1105.67 Cycle High Today


SPX (S & P 500, http://bit.ly/i0nsT) barely took out 6-3-10's 1105.67 cycle high today 6-14-10, but, the upcycle since 5-25-10's 1040.78 cycle low appears to be bearish funky counter trend action (it's a bearish looking candle pattern); it's probably Wave 4 (and Wave B) up of the Intermediate Term Downcycle since 4-26-10's 1219.80 cycle high, see http://bit.ly/i0nsT.

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posted by Joe Ferrazzano at 1:34 PM | 15 comments

Tuesday, May 25, 2010

SPX's Monthly Downcycle Since 4-26-10 Might Have Bottomed Today 5-25-10 at 1040.78


SPX's (S & P 500, http://bit.ly/i0nsT) Monthly Downcycle Since 4-26-10 Might Have Bottomed Today 5-25-10 at 1040.78 (Wave 1 Monthly Cycle Low, if SPX's Major Upcycle since 3-6-09 peaked at 1219.80 on 4-26-10), see http://bit.ly/i0nsT. Note that SPX put in a very large/bullish inverse spike today (much more bullish than Friday's) on a white candle (close above the open), see http://bit.ly/i0nsT.

Also, in addition to doing an inverse Elliott Wave 12345 down up down up down pattern since 4-26-10, SPX's (S & P 500, http://bit.ly/i0nsT) Wave C/ Wave 5 Downcycle since the 1173.57 cycle high also did an inverse Elliott Wave 12345 down up down up down pattern. Also, SPX volume spiked dramatically to over 6 billion shares today, which jives with it being a good candidate for an important cycle low.

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posted by Joe Ferrazzano at 2:17 PM | 9 comments