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 8, 2012

VIX & SPX

I believe there will be a big (or huge) up day tomorrow. How big the rise will determine Friday's action. The next two days will take price to 1430.
SPX (currently at 1402.23) will very likely get to 1422 tomorrow. (Less likely, it will close at 1415 or 1430.) So look for a strong move up - breakout day.
Note that this is just an opinion. See the 5MIN chart for the complete plan of action for tomorrow if you are (also) a daytrader.

VIX-DAILY


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN LONGER TIMEFRAME


SPX-30MIN SHORTER TIMEFRAME


SPX-5MIN
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