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, September 4, 2012
VIX & SPX
Tomorrow looks like the breakout day that will lead to a sprint higher for the market (i.e strong run up in a short time).
Look for a strong run up tomorrow and the days ahead if SPX moves >1410 AND Stochastic %K (daily chart) moves >32.30 intraday. This will be the booster/sting it needs.