SPX Weakness Since 5-27-10 is Probably a Short Term Wave 2 Downcycle

SPX (S & P 500, http://bit.ly/i0nsT) Weakness Since 5-27-10 is Probably a Short Term Wave 2 Downcycle, of the Monthly Upcycle since 5-25-10 (up down pattern since 5-25-10, on the daily candlestick chart; likely Monthly Cycle Low at 1040.78 on 5-25-10), see Daily View chart one at http://bit.ly/i0nsT.

An SPX (S & P 500, http://bit.ly/i0nsT) Short Term Wave 2 Cycle Low will probably occur shortly after the 1067.95 downside gap/magnet gets filled. I'll be looking to trade long via SPY after the 1067.95 downside gap/magnet probably gets filled.

Trading Roadmap: WATCH SPX's 1067.95 downside gap/magnet, then, watch the 1103.06 upside gap/magnet, and, 1115.05 is the next gap/magnet after that, see 5 day chart http://bit.ly/3qGxf3.