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.

Wednesday, July 6, 2011

SPX-DAILY x2, SPX-30MIN , VIX , FXE(EURO) , UKX (FTSE)

Even though the indicators on my 30min chart were pointing to a pullback after key levels were taken out, there was no follow-through to the downside. This means that the bulls are in control and we could see a STRONG run up if 1346 gets taken out. Playing the downside at the moment is an aggressive move and tight stops must be in place.

SPX-DAILY I

SPX-DAILY II

SPX-30MIN

VIX

FXE (EURO)

UKX (FTSE)
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