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, September 24, 2012

SPX

Tomorrow looks to be an interesting day (if SPX moves below 1454). I believe we will see a big drop in the first half of the day to 1440-1438 then a strong reversal back up to close at 1450. So look for the opportunity to make both bear and bull trades.
The problem with this prediction is that the bears are just sleeping. Bulls just keep looking for ways to take their lunch (like today). Though very likely, I'm not sure the bears have the strength to pull it down that deep. I will not be holding my breath.

Remember: My opinion does not count, so go with my chart (5MIN).

SPX-DAILY II

SPX-DAILY I

SPX-30MIN

SPX-5MIN
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