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, March 1, 2012

VXX & SPX

This market is on its last breath before a strong reversal to 1290 initially. Pay close attention to my DAILY LINE chart (which is now in wave v brown of [5] blue). A fast reversal about to take place. Move below 1363 will initiate the sell-off.

VXX

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

No SPX-30MIN SHORTER TIMEFRAME chart today. Nothing significant.

SPX-5MIN
Posted by at