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, October 24, 2011

SPX (WEEKLY, DAILY, 30MIN x2 & 5MIN CHARTS)

A weekly chart is included with this post because I added a trendline that is reflecting in the DAILY and 30MIN LONGER TIMEFRAME charts that will very likely come into play this week and could be significant in terms of determining the pullback point before the SPX resumes its upside move.
It's looking like a pullback will start on Wednesday after an initial move higher to about 1280 at the start of the day before reversing lower.

SPX-WEEKLY

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN
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