SPX Elliott Wave Count Since the 3-6-09 666.79 Major Cycle Low

SPX Elliott Wave Count Since the 3-6-09 666.79 Major Cycle Low (Used Short SPX ETF SH), see http://yfrog.com/h22uwp.

"The Chart," SPX Elliott Wave Count Since 10-11-07 1576.09 Cyclical Bull Market Cycle High

"The Chart," SPX Elliott Wave Count Since 10-11-07 1576.09 Cyclical Bull Market Cycle High, see http://yfrog.com/1xczlp.

Short SPX ETF SH's Elliott Wave Count

Short SPX ETF SH's Elliott Wave Count Since the 53.98 Cycle High, see http://stockcharts.com/charts/gallery.html?s=sh. Since the 53.98 Cycle High SH has done an inverse Elliott Wave 12345 down up down up down pattern (a huge Wave 3 Downcycle occurred, with it's own inverse Elliott Wave 12345 down up down up down pattern), with a Short Term Wave 5 Downcycle in effect since shortly before Thursday 9-23-10's close.

It looks like SH's Monthly Downcycle will probably bottom and SPX's (S & P 500, http://bit.ly/i0nsT) Monthly Upcycle since 8-27-10 will probably peak shortly after SPX probably fills the 1157.43 upside gap, possibly early on Monday. SPX's big spike move since just before Thursday 9-23-10's close is a sign of important peaking action, and, volume should spike on Monday, if SPX peaks.

SH ETF is Probably in a Big Short Term AND Intermediate Term Wave 3 Upcycle

SH ETF (short SPX/S & P 500) is probably in a big Short Term AND Intermediate Term Wave 3 Upcycle, very bearish for SPX, see http://yfrog.com/jt67wp.

SPX (S & P 500) Thoughts For Saturday 7-24-10

See http://twitteresque.blogspot.com/2010/07/spx-s-p-500-thoughts-for-saturday-7-24.html.

SPX Barely Took Out 6-3-10's 1105.67 Cycle High Today

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.

SPX is Probably in Wave 5 Down of the Intermediate Term Downcycle

SPX (S & P 500, http://bit.ly/i0nsT) is Probably in Wave 5 Down, since 6-3-10's 1105.67 cycle high, of the Intermediate Term Downcycle since 4-26-10's 1219.80 cycle high (down up down up down pattern), see http://bit.ly/i0nsT. Today's below average SPX volume, at 4.624 billion shares vs the 60 day EMA at 4.779 billion shares, indicates that more downside is likely short term, because, volume didn't spike dramatically today.

SPX (S & P 500, http://bit.ly/i0nsT) appears to be in Wave 5 down of the Wave A Downcycle since 6-3-10 (down up down up down pattern), see the five day intra day action candlestick chart http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=fs,w14&c=. So, the Wave A Downcycle since 6-3-10 may bottom tomorrow.