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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