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.

Tuesday, August 23, 2011

SPX, VIX, UKX(FTSE), FXE (EURO), UUP (DOLLAR), USO(CRUDE)

Though I expect more upside the days ahead, I will not hold my breath waiting to see it happen because premarket news or action from Europe can clean up all of today's gain regardless of the bullish setup currently in place on the charts. So any bullish run is at the mercy of NO NEWS (or GOOD NEWS). Things could turn back sharply lower tomorrow if the market remembers overnight that there is Debt Crisis in Europe as has been the case recently with the massive premarket actions.

SPX-DAILY

SPX-30MIN

VIX-DAILY

VIX-30MIN

UKX(FTSE)

FXE(EURO)

UUP(DOLLAR)

USO(CRUDE)
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