MA, AMZN, QQQ, SPX

The market looks bullish. I expect the market to run up. Look for SPX (currently at 1412) to retest the highs (1475-1480).

MA-DAILY


AMZN-15MIN


QQQ-5MIN


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I


SPX-5MIN

UPDATE, ADDITION & OUTLOOK

Added:
AMZN-5MIN
GS-15MIN
AAPL-5MIN
QQQ-15MIN
USO-DAILY
SPX-MONTHLY
SPX-DAILY V

Updated:
SPX-DAILY II - changed wave count on current leg down from 1460
SPX-30MIN - more targets added
GLD-DAILY - note added

This will be a week of a strong run up or down. I believe there will be a run up because all the charts are looking bullish except for weakness on the SPX-WEEKLY (which can be bear fakeout).
Unless SPX moves <1390, consider the current leg down as just a bull pullback. So it's not time for bears to rejoice yet even though the long-term picture (MONTHLY & WEEKLY)is in their favor. Consider 1390-1480 as neutral zone.

FOR MONDAY:
Currently at 1411.74, look for SPX to go to 1430-1435 if it moves above 1416. Also look for bullish opportunity if it drops to 1402. See the 5MIN chart for more info.

AMZN, GS, AAPL, QQQ, USO, GLD, RUT, SPX WEEKEND REVIEW

AMZN-5MIN


GS-15MIN


AAPL-5MIN


QQQ-15MIN


USO-DAILY

GLD-WEEKLY


GLD-DAILY


RUT-WEEKLY


RUT-DAILY


SPX-MONTHLY


SPX-WEEKLY


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-30MIN


SPX-5MIN

RUSSELL

Russell looks bullish. Look for a run up the next 2weeks or more. This is also an indication that the SPX (and the market) will retest the highs (1475-1480) at least.

RUT-WEEKLY


RUT-DAILY

SPX

I'm now back to making quick plays. See note on 5MIN chart.

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN

SPX-5MIN

USO, GLD, SPX

TODAY'S PLAY REVIEW:
Of all the plays posted yesterday (GS, AMZN, GLD, USO, AAPL, QQQ, SPX), only GS was able to reach the entry point with confirmation. All the others either did not reach or failed to confirm entry. Just goes to show how risky this business is. Discipline is very important.

SPX at 1408.75. Between 1480-1390 is neutral zone. It has been in a bull leg since June, so consider every drop a pullback (not a bear market or market top) till it moves <1390.
I expect a move back up to 1480.

FOR THURSDAY:
I believe there will be a bounce up. If it moves above conservative entry point on the 5MIN chart, then look for a move to 1435 (1st Target).

USO (Crude)-15MIN


GLD (Gold)-15MIN


SPX-DAILY III

SPX-DAILY II


SPX-DAILY I


SPX-30MIN


SPX-5MIN

MY EXPECTATION FOR THE REST OF THE WEEK

Wednesday - Big Up
Thursday - Tiny Down
Friday - Big Up

This prediction will become invalid if any day is off, because Friday is depends on Thursday, and Thursday depends on Wednesday's move. So if I'm wrong for Wednesday, then ignore the whole thing.

There is still a lot more upside for the market.

GS, AMZN, GLD, USO, AAPL, QQQ, SPX

FOR WEDNESDAY:
I expect the market to gain back all the drop that took place today. Look for just as big a rise (or bigger).

GS-15MIN

AMZN-15MIN

GLD (Gold)-15MIN

USO (Crude)-15MIN

AAPL-5MIN

QQQ-5MIN

SPX-DAILY II

SPX-DAILY I

SPX-30MIN

SPX-5MIN