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, July 7, 2011

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

Look for the rise to continue tomorrow if it moves move above 1357-1358, otherwise, look for a flat day (as SPX sets up an abc for wave (2) black of [3] green on the 30min chart).
Note that a close above 1360 will catapult the SPX to 1425 (will be dealt with later).
Also note that playing the downside (shorts/Puts) is AGGRESSIVE at this time except for scalp trades.

SPX-DAILY I

SPX-DAILY II

SPX-30MIN

VIX

FXE(EURO)

UKX(FTSE)
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