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.

Monday, June 20, 2011

SPX - DAILY & 30-MIN (LOOK FOR A RISE TOMORROW IF IT MOVES ABV 1281)

Look for more rise tomorrow. But keep in mind that if SPX gets to 1286-1288, I will be looking for an intraday setup to SHORT. So it's very likely that if it tomorrow it moves fast to 1288 in the first half of the day, then we could see sideways to down action in the second half that continues into Wednesday.
For now, I expect an UP day tomorrow (if it moves above 1281)and DOWN day on Wednesday.


Posted by at