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.
Tuesday, June 21, 2011
FXE (EURO) & SPX ( DAILY & 30-MIN)
Look for the SPX to continue higher tomorrow with a move above 1298. But if it fails to get above 1298, then look for a move down to 1288-1290 before the upside resumption.
So at the moment, the setup calls for higher prices (now or soon).
