outlook for 09-12-2011

As I told you Friday the cycles should be down and the market should end up "red".  It did.  As to last week the market was down, but down less than I thought it would be.

Today it appears we will start off red.  We have a couple of shorter cycles now up so we will have some pressure building to the upside.  Will this impact by end of the day?  I doubt it will, but Tuesday or Wednesday I would not be surprised if we got a upside push.  So I believe the bias today will be down.

Here is the SPX swing cycles:

GL traders.  Do your own analysis.  Hope to close out my RWM and QID positions today.