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, May 14, 2012

VIX

Look for the SPX to make a bounce tomorrow if the VIX trades below 21.45.
At the moment, the charts of the SPX and VIX are pointing to a rise. Hopefully we can see a calm open tomorrow without the big and ugly news driven gaps. But based on the VIX, if we are to see big gap open, it will be to upside for the SPX (down for the VIX).

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