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 17, 2012

SPX

Crude (USO) looks like it is about to start dropping fast (starting tomorrow). It is looking weak. (Look at Tuesday's post for play opportunity.)

FOR THURSDAY:
Currently at 1460.88, if SPX moves <1458, then look for a low of 1456-1455 (bearish). If trades >1463, then look for a high of 1468 (bullish).
I believe tomorrow will be a quiet (boring) small down day.

(Sorry for the late post. Was too busy in the non-stock-market side of life.)

SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN II


SPX-30MIN I


SPX-5MIN
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