Some Very Bearish Short Term and Intermediate Term SPX/Market Indications

Some Very Bearish Short Term and Intermediate Term SPX (S & P 500, http://bit.ly/i0nsT)/Market Indications, see the six month SPX Wall of Worry's (SPX vs VIX) gigantic collapse (the VIX implosion points to dramatic weakness in the not too distant future) the past month at http://finance.yahoo.com/q/ta?s=^GSPC&t=6m&l=off&z=l&q=c&p=&a=fs,p12,fs,w14&c=^vix (jives with SPX hitting 900ish in the next month or two, see http://goo.gl/fb/XdaE7), see the very bearish six month Walmart (WMT)/Exxon Mobil (XOM) Lead Indicators at http://finance.yahoo.com/q/ta?s=^GSPC&t=6m&l=off&z=l&q=c&p=v&a=fs,p12,fs,w14&c=xom,wmt,^djusfn, and, see the aggressive short trade (51,340 short SPX futures contracts, SPX made little upside progress since Tuesday) made by the savvy non contrarian SPX Commercial Traders (they also traded aggressively long, 38,024 long SPX futures contracts) in the five day period ending 6-15-10 at http://www.cftc.gov/dea/futures/deacmelf.htm (scroll down about 2/3 of the way).

It looks like SPX (S & P 500, http://bit.ly/i0nsT) will probably experience a very sharp decline (a Short Term Wave 4 Downcycle, of the likely counter trend move/Monthly Upcycle since 5-25-10's 1040.78 Cycle Low) early next week, possibly until Wednesday 6-23's Fed FOMC rate decision/statement at 2:15 pm, then, a spectacular Short Term Wave 5 Upcycle is likely for at least a few days (could just be a day or two, but possibly a very large move), when an important Monthly Cycle High should occur, watch the 1157.43 upside gap/magnet.