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.

Wednesday, January 25, 2012

SPX - BULLS CONTINUE TO SHOW WHO IS IN CONTROL. CAN'T FIGHT THE MARKET.

While the bulls are still in control, the bears will take control in a ferocious way. The market will turnaround in a fast way with huge drops (the setup is in place). Though the indicators have been pointing to an imminent drop, the turn is yet to take place and you just can't fight the market. This is not market "manipulation" but the market doing what it does best i.e being irrational. The market can stay irrational longer than an investor can stay solvent.

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME
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