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 5, 2012

SPX

The bulls are doing a great job holding the market up but a fast drop is going to take place. Don't get caught on the wrong side of the trade. The market is in a bull trap (fakeout). Fast reversal coming. All that glitters is not gold unless tested by fire.

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME
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