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.

Saturday, September 29, 2012

XLF, GS, UUP, VIX & SPX MONTH END REVIEW

FOR THE COMING WEEK:
Look for the market to make a strong run up this week if trades above 1450.

FOR MONDAY:
Key levels to monitor for the SPX (currently at 1440) are 1444 and 1438.
1). If SPX moves >1444 then look for an initial target at 1450. Move above 1450 will push price to 1457-1460. So we could see a big day for the market on Monday.
Also note that 1450 is a key level for the weeks ahead (in addition to its intraday significance for Monday).
2). If SPX moves <1438, then expect a drop to 1433-1431 before a bullish reversal to resume the upside.

XLF(FINANCIAL)-DAILY

GS-DAILY (Can play XLF using GS)

UUP (DOLLAR)-DAILY

VIX-DAILY

VIX-15MIN

SPX-MONTHLY

SPX-WEEKLY

SPX-DAILY VII

SPX-DAILY VI

SPX-DAILY V

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN

SPX-10MIN
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