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.

Sunday, July 10, 2011

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

Look for an UP day on Monday if SPX (currently at 1343.78)moves above 1346 (target = 1355+).
From the look of things, we could start seeing alternating UP and DOWN days in the range of 1340 - 1355 for a few days while SPX sets up a bull flag for the next leg up. But if it moves above 1358, this scenario will be eliminated and continuous rise will be in effect.

SPX-WEEKLY

SPX-DAILY I

SPX-DAILY II

SPX-30MIN

VIX

FXE(EURO)-WEEKLY

FXE(EURO)-DAILY

UKX(FTSE)-WEEKLY

UKX(FTSE)-DAILY
Posted by at