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 4, 2012

SPX - MARKET IS SETUP FOR A BIG MOVE TOMORROW

Based on my 30MIN SHORTER TIMEFRAME chart, the market is setup for a big move tomorrow which I believe will be a big down leg that will be followed by another drop on Friday if the expected big drop takes place tomorrow.
Trying to make sense of the market. The bulls are trying hard to keep the market up but the market is building momentum for a drop. So make sure the rug is not pulled out from under you. A fast swing lower will take place. I'm not talking about a Bear Market but a Swing. Let a Bull or Bear market take care of itself.

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME
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