Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST.
In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Thursday, June 9, 2011

FXE (EURO) ALERT!!

If FXE makes a tiny or small gain or higher high tomorrow (Friday) as depicted on the chart, make sure you are holding Puts (or Shorts) before the market closes because I see the likelihood of a decent gap down to open on monday. This is just the plan to trade on Monday only, because Tuesday (or Wednesday) will very likely be the breakout day (bullish run).
Also note that the gap down to start on Monday might be around the lows of the day because I believe the SPX (and Indexes) will be UP on Monday (not by much though) and this will prevent any significant drop for FXE (Euro) after the open.
THIS IS AN AGGRESSIVE MOVE!!!!!