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, August 8, 2011

SPX(DAILY & 30MIN), VIX(DAILY & 30MIN), UKX(FTSE).

No chart of FXE(Euro) and UUP(Dollar) today because I see nothing new. They have been very boring with all the excitement taking place.
USO(crude) reached my target. I'll wait for a good setup to post. Any play will be done intraday if at all. There is a potential play that can take USO down to abt 29 if it drops below 31. But move below 31 can also be a fakeout that bounces right back with the market. So tight stop must be in place or intraday monitoring for reversal and bullish play.

SPX-DAILY

SPX-30MIN

VIX-DAILY

VIX-30MIN

UKX(FTSE)-DAILY
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