Friday, May 28, 2010

Today's SPX Weakness Looks Like Wave 4 Down of the Large Short Term Wave 1 Upcycle Since 5-25-10


Today's SPX (S & P 500, http://bit.ly/i0nsT) Weakness Looks Like Wave 4 Down (up down up down pattern since 5-25-10, on the daily candlestick chart) of the Large Short Term Wave 1 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.

Trading Roadmap: WATCH SPX's 1103.06 upside gap/magnet from today's open (1115.05 is the next gap/magnet after that), see 5 day chart http://bit.ly/3qGxf3.

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