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, October 25, 2011

SPX

I do not have any clear play setup (bullish or bearish) for tomorrow's trading (see the 5min chart for an aggressive setup). At the moment the bulls are still control. Today's drop is a bull pullback. The question now is whether the pullback is over to complete wave 2 black (see my daily chart) or whether it starts the day lower and then makes a reversal back higher.
NOTE: Trade above 1257 will lead to a strong push higher.

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN
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