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 10, 2012

VIX & SPX

Look for the market to move back up tomorrow. I expect the SPX to gap up and run closing at the highs for the day which will likely be 1438 (or 1446 if it moves above 1439). So look for the open (gap up) to be the low of the day and the close the high for the day.
If it closes at 1438 tomorrow, then expect a small down day on Wednesday that will setup the market for a breakout day (to the upside) on Thursday.
But if it closes above 1440 tomorrow, then expect it to continue higher on Wednesday to take price to 1450 (at least in the 1st half of the day).


VIX


SPX-DAILY II


SPX-DAILY I


SPX-5MIN
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