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.

Wednesday, October 26, 2011

SPX

WARNING WARNING WARNING:
Although the SPX setup remains bullish, there is a bearish setup that is now in the works. At the moment it is not important. But a move below 1226 (aggressive) or 1220 (conservative) will likely lead to a fast drop. Will be dealt with at the appropriate time. To invalidate this bearish formation, the SPX needs to continue higher tomorrow (and possibly Friday)
Note: No 5min chart today (nothing special).

SPX-DAILY

SPX-30MIN LONGER

SPX-30MIN SHORTER