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, August 15, 2012

VIX & SPX

Hello SPX, I know you want to go higher, but can you just move - UP, DOWN or bigger sideways range?
SPX is going to make an unexpected huge one day move (up) that will catch many off guard. As annoying as the market has been for more than a week, a 2-3% day is going to take place that will be even more frustrating if you are on the wrong side or expecting the opposite direction, or if you did not participate.
I believe we will see a huge upside day followed by few boring down days whenever the market decides to stop this crappy sideways move.

VIX


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN SHORTER TIMEFRAME II


SPX-30MIN SHORTER TIMEFRAME I
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