VIX & SPX

Pardon the late post. Just a day that requires more time. I will still be going through my charts later on because I had to rush through this. So check back later. Time for me to take a mental break. I don't think any changes will be made though.

FOR TOMORROW:
I believe we will see a huge up day. Just my opinion, so follow my charts and go with that. Analysts will deceive you but the charts will never. I'm an analyst. Take that as you want.

VIX-DAILY


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN III


SPX-30MIN II


SPX-30MIN I


SPX-5MIN

SPX

Though the price action makes sense, it is making me nauseous. It's as if SPX is allergic to 1416 and doesn't want anything to do with it. I wonder how long they will repel before a strong attraction takes place. It is definitely playing hard to get. Just watchful waiting.

SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I

VIX & SPX

LET ME TRY THIS AGAIN:
The market is setup for a big (or huge) move up tomorrow that will continue for a few days. But to be certain, look for price move >1316 COMBINED with Stochastic %K move >51.80 (currently at 44.11) as an indication.
Alternatively, a gap open tomorrow >1412 will lead to a run up regardless of the information above. This is aggressive though.
If we see both bullish possibilities take place i.e gap open >1412, Stochastic >51.80 and price >1416, then bulls should just keep smiling for a few days just because they can.

I expect a strong run up this week.

VIX-DAILY


SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I


SPX-5MIN

VIX & SPX

The market is setup for a big (or huge) move up tomorrow that will continue for a few days. But to be certain, look for price move >1316 COMBINED with Stochastic %K move >51.80 (currently at 47.84) as an indication.
(This information can also be seen on the SPX-DAILY I post.)

Also note that I expect a strong run up this week regardless of the information posted above.

VIX-DAILY


SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I


SPX-5MIN

OUTLOOK FOR THE WEEK.

See the SPX-DAILY VI chart for my expectation for the week.
I expect to see a strong run up this week. The pullback that occurred from Tuesday-Thursday was very necessary for the bulls. It helped stopped the crappy upward price action. It is now set for a strong run up.

CHARTS UPDATED (nothing important):
SPX-DAILY VI - my expectation
SPX-30MIN I - note added

I just did not (and still don't) have time go over my charts in detail the second time. But I don't think I'm missing anything important.

SPX WEEKEND REVIEW

The comment below was first posted on Saturday, August 4, 2012:
(It will be posted every weekend till the end of year or until it fails)

"I believe August is going to be a strong month for stocks with the SPX going as high as 1450. It will be the best month for the year (and the strongest in over 10months).
Very important is the fact that it is also going to be the last solid month for stocks before things fall apart with a massive drop starting in November.

FOR THE REMAINDER OF THE YEAR:
August - Strong Up
September - Small Down
October - Small Up (that will take price to the high for the year - 1470ish).
November - Down
December - Real sell-off begins which will go on for months."

SPX-MONTHLY


SPX-WEEKLY


SPX-DAILY VI


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I


SPX-5MIN

SPX

(Pardon the late post. Some days just require more work.)

Look for the next leg up to 1450 to start tomorrow.

JUST FOR FUN:
Durable Goods Orders will be released before the open. The consensus is 1.9%. I expect it to come out better than expected. I believe it will be likely 2.2% (or even much higher). The year/year number will also be better than last months report of 8%. I expect it to be about 10%.
Whether the market will react to it is another issue. It can choose to ignore, overreact or move opposite to it. The market has a mind of its own.

SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I


SPX-5MIN

VIX & SPX

VIX-DAILY


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN SHORTER TIMEFRAME II


SPX-30MIN SHORTER TIMEFRAME I


SPX-5MIN