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.

Wednesday, May 2, 2012

SPX

Tomorrow could be a wild swing day which will be great for daytrading. In the most extreme scenario, we could see a run up to about 1415 followed by a sharp to 1394 and then a bounce to close flat (1402). But pay close attention to my 30MIN SHORTER TIMEFRAME chart. It will also give an idea of the market reaction after the Job Report on Friday (aggressive) if tomorrow plays out as expected.

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN
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