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.

Monday, October 1, 2012

GLD, VIX & SPX

FOR TUESDAY:
Look for a big up day for the market. Currently at 1444, I believe we will see an initial drop to 1440 before a reversal for a bull run. There is also a less likely scenario of a drop to 1436-1331 range before the run up.
If SPX gets to 1440 and moves back above 1442, then realize that the bottom is likely in for the day, and expect a run up. But if it breaks 1440 easily, then look for a bullish reversal between 1436-1431.
I strongly believe we will see an initial drop to 1440 followed by a bullish reversal for a run to 1461 (or 1453).


GLD-DAILY

VIX-DAILY

VIX-15MIN

SPX-DAILY II

SPX-DAILY I

SPX-30MIN II

SPX-30MIN I

SPX-5MIN
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