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, January 9, 2012

SPX - MOMENTUM IS BUILDING FOR AN EXPLOSIVE MOVE

Though the market has been boring of late, traders should be very careful. Momentum is building for a strong move (down). Calm before the storm. Big move coming whether you are ready or not.
Much better to watch paint dry than monitor this market the past 2weeks.

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME
Posted by at