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, August 13, 2012

VIX & SPX

Lousy sidewards price action continues, but it is setting up very nicely. Patience is the name of the game.
Is Tuesday the breakout day finally?!?!
To resolve this current tight range that has been going on for over a week, I will not be surprise if we see one of those ugly big gap-and-run days whereby most of the move is a gap. That is good if a day- and swingtrader, but annoying if only daytrading.

VIX-DAILY


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN LONGER TIMEFRAME


SPX-30MIN SHORTER TIMEFRAME II


SPX-30MIN SHORTER TIMEFRAME I


SPX-5MIN
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