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 13, 2011

SPX READY FOR A MOVE TO 1260 -1265 STARTING TOMORROW

Look for the SPX to move up starting tomorrow till 1260-1265 which I believe will be achieved on Friday to reach the top of Diamond Pattern.
Don't expect any significant run bullish or bearish yet. More sideways action ahead till the break down that will take place on the 27th (or 20th) for a significant drop.

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME