SPX Put in a Bearish Daily Candle Today 3-25-10

SPX (S & P 500, http://bit.ly/i0nsT) put in a bearish daily candle today 3-25-10, dark (close below the open) with a spike, see http://bit.ly/i0nsT.

The SPX (S & P 500, http://bit.ly/i0nsT) Minor Intermediate Term Upcycle since 2-5-10 (looks like an important final Wave 5 move), and, possibly also the SPX (S & P 500, http://bit.ly/i0nsT) Major Upcycle since 3-6-09, appears to have peaked. SPX closed very near the session cycle low today, which suggests that more downside is likely early tomorrow.