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, November 29, 2011

SPX - (BIG RISE VERY LIKELY TOMORROW - ABOUT 22 POINTS)

I expect the rise to continue tomorrow. Move above 1204 will lead to a big rise tomorrow to 1216 (1215 - 1220). The move above 1204 will also confirm higher prices to come that will likely take the SPX to about 1255 ON or by December 13th.

Note: There is a setup in play which will lead to a big drop if it trades below 1284 which will take price down to 1170 tomorrow (or Thurday) - not likely to happen.

SPX-DAILY

SPX-30MIN LONGER

SPX-30MIN SHORTER
Posted by at