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 20, 2011

SPX

After a huge day, the market usually tends to follow with a tiny day (up or down).
Though tomorrow is most likely going to be a tiny (down) day based on history, I believe it will be a big up day of about 20-25points to take price to 1260-1265 before the drop starts and picks up speed next week.
IF SPX GETS TO 1260-1265, LOAD UP ON PUTS/SHORTS BECAUSE THAT LEVEL WILL NOT BE SEEN AGAIN FOR A WHILE (NOT FOR A MONTH AT LEAST). Stop Loss point will be mentioned after the close tomorrow if it gets to 1260-1265.

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME
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