SPX's Short Term Wave 1 Upcycle May Peak Dramatically Rolling Over

SPX's (S & P 500, http://bit.ly/i0nsT) Short Term Wave 1 Upcycle May Peak Dramatically Rolling Over versus the 1103.52 cycle high, of the Monthly Upcycle since 5-25-10 (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 1 Cycle High will probably occur shortly after the 1103.06 upside gap/magnet gets filled. I'll be looking to trade short via the SH ETF after the 1103.06 upside gap/magnet probably gets filled (1115.05 is the next upside gap/magnet), see 5 day chart http://bit.ly/3qGxf3.