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, December 6, 2011

SPX - GOING TO 1285 -1290 FOLLOWED BY LONG SIDEWAYS ACTION

SPX getting ready for long sideways action of alternating UP and DOWN days (once it gets to 1285-1290) i.e up-down-up-down-up etc, that will be great for daytrading. The sideways action will last about 7 - 12days. It will be followed by a week of sharp drop.

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME
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