SPX (S & P 500, http://bit.ly/i0nsT) Probably Still Needs to Do Wave 5 Up of the Post Crash Bounce, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=fs,w14&c=. Since late Thursday 5-6-10's crash SPX has done an up down up down pattern, with a huge Wave 5 Upcycle probably still to come. Watch upside gaps at 1202.26 and 1212.05.
VIX is down a humongous -26.30% right now, which is an unusually large rise in complacency that jives with SPX doing a huge Wave 5 up move in the very near future.
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