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, September 5, 2012

VIX & SPX

I keep setting traps for the SPX but it keeps avoiding them. I guess it's not interested. It must be reading my mind, and doing everything to frustrate my plans (at least for now).
Time for another trap:
Just like the trap posted yesterday, look for a breakout tomorrow that will lead to a strong push higher to 1450 over a few days if SPX moves >1410 AND Stochastic %K (daily chart) moves >32.30.

VIX-DAILY


SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I


SPX-5MIN
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