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.

Thursday, January 12, 2012

SPX - BOOOOORRRRRIIIIIIINNNNNGGGGG. PUTTING ME TO SLEEP.

Based on the intraday (30MIN)charts, tomorrow is setting up for a big move (likely down based on my long-term expectation and daily chart). But the intraday charts are pointing to a big move in either direction. I will not hold my breath expecting a big move tomorrow because the lousy price action can continue especially given the fact that it's Friday.
It's about time to start seeing some big moves. I'm missing the high volatility of 2011 but it will come with a vengeance though it's acting like 2009 are the moment.

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME