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, February 16, 2012

SPX FOR TOMORROW: FRIDAY'S TRADING

Look for a small up day of about 5points i.e a close at about 1363 (and the high of the day of about 1365)

(Note: I make decisions base on the charts not my opinion. So the expectation is just what it is. If it takes place, it will help me forecast Monday's price action and future daily price expectation and my intraday decision making).