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.

Tuesday, August 28, 2012

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
Posted by at