Both Important Day Trading Indications are Bearish Today Tuesday 9-27-11

Both Important Day Trading Indications are Bearish Today Tuesday 9-27-11:


The CBOE Index Put/Call Ratio closed at a Bearish 1.61 today Tuesday 9-27 vs 1.51 on Monday 9-26, which is a Bearish +0.10 Daily Delta.


SPX (S & P 500) +1.07% on Tuesday 9-27 vs VIX -3.36% = A Bearish +2.29% Rise in Complacency/Decline in Wall of Worry. A Bearish indication for early Wednesday 9-28-11.


Early significant weakness is likely on Wednesday 9-28-11, and, today's downside gap/magnet from the open at 1162.95 is likely to get filled.


Also, SPX (S & P 500) Appears to be in a Short Term Wave 4 Upcycle Since 9-22-11 (appears to have possibly peaked today, see http://stockcharts.com/freecharts/gallery.html?s=spx); a Final Short Term Wave 5 Downcycle appears likely, see my chart from yesterday http://yfrog.com/hwyafp.