Thursday, May 6, 2010

SPX's Major Upcycle Since 3-6-09 Probably Peaked at 1219.80 on 4-26-10


SPX's (S & P 500, http://bit.ly/i0nsT) Major Upcycle Since 3-6-09 Probably Peaked at 1219.80 on 4-26-10, see http://bit.ly/i0nsT. VIX rose an eye popping +31.67% today, which is a very bearish unusually large rise in fear that points to SPX/market weakness early tomorrow.

SPX's (S & P 500, http://bit.ly/i0nsT) huge intra day decline (range was 1167.57 to 1065.79, see http://finance.yahoo.com/q/ta?s=^GSPC&t=1d&l=on&z=l&q=c&p=v&a=fs,w14&c=), a crash/decline of -8.72%, is a sign that SPX's (S & P 500, http://bit.ly/i0nsT) Major Upcycle Since 3-6-09 (666.79 Major Cycle Low) Probably Peaked at 1219.80 on 4-26-10, see http://bit.ly/i0nsT.

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