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 27, 2012
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.