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.

Sunday, August 26, 2012

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.
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