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
