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.

Sunday, September 30, 2012

MORE CHARTS ADDED.

I have added:
GS-DAILY
UUP (DOLLAR)-DAILY
VIX-DAILY
VIX-15MIN

 NOTE:
The market (SPX) is setting up for a run up this week. We are likely to see a strong bullish run the next 2weeks. This is also supported by the fact that the UUP and VIX want to drop (= bullish SPX), while the financials are looking bullish.
So be careful if you are a bearish the market. Very risky place to be at this time.

XLF & GS:
Monitor the financials because we could see a huge breakout move on Monday (or soon) as long as current bullish setup stays intact. The charts are begging to run up.
Watch for potential of gap and run (Breakaway Gap). Use opening gap as buy opportunity because that could be the low for the weeks ahead.
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