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, October 3, 2012

DJT, GLD, FXE, VIX & SPX

 I just don't see any big move for the market up or down tomorrow, but it is likely going to be an excellent day for daytrading. This is also supported by the fact that Friday is Jobs Report = boring Thursday.

FOR THURSDAY:
Looks bearish with price going to 1445 (currently at 1451).
Levels to monitor at the start tomorrow are 1450 and 1452:
1). If it moves >1452, then expect reversal lower at 1454ish or 1461 that will take price to 1445. 
2). If it moves <1450, then expect a drop to 1445 (or 1442) then a bounce higher..

What is most likely to happen is a move or gap open  to 1454ish before a drop to 1445.

DJT (Transport)-DAILY

GLD (Gold)-DAILY

FXE (Euro)-DAILY

VIX-DAILY

SPX-DAILY II

SPX-DAILY I

SPX-30MIN II

SPX-30MIN I

SPX-5MIN
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