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.

Monday, December 19, 2011

SPX

SPX continues the downward drift (correction), but it will explode to the upside (likely tomorrow) to fakeout both Bulls and Bears before the run down. This correction has been longer than anticipated both in time and price. This is an indication of upside momentum building for an explosive and short upside move lasting a day or so, in order to shake up everyone by consuming most of the downward drift.

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME
Posted by at