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, April 9, 2012

SPX

If SPX gets to 1367 and makes a bounce to close above 1372, then expect a bounce higher on Wednesday.

I was expecting a huge drop today based on the comments I made on Tuesday and Wednesday. But what I failed to realize that the European markets were going to close today. This of course stalled my expected "massive" drop. Note that I don't consider today's drop massive. Just a big down day (compared to recent price action) but not a huge or massive day by any means. We'll see what tomorrow brings.

SPX-DAILY LINE

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN
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