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, July 25, 2011

SPX-DAILY, SPX-30MIN, FXE (EURO), UUP (DOLLAR), FDX

I don't have the chart of UKX (ftse) because today's data is not showing up on the chart. I don't know if the symbol was changed or technical issues. I'll have to look into it at TdAmeritrade (my broker). The chart will be posted as soon as today's data becomes available.

FOR TUESDAY:
The SPX-30min chart is in a Bull Flag pattern. Also, there is an Inverted Head and Shoulder forming (still early at this time as it still needs to complete the right arm of the right shoulder). A move above 1345 will break out of the Bull Flag and the neckline of the Inverted HS thereby result to a push higher. So look for a trade above 1345 as the breakout point.

SPX-DAILY

SPX-30MIN

FXE(EURO)

UUP(DOLLAR)

FDX(FEDEX)
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