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.

Thursday, November 15, 2012

MA, SPX

FOR FRIDAY:
I believe price will stay in 1348-1359 range. It's also possible this range holds up on Monday as well. So take advantage of the range for daytrading.

VERY IMPORTANT:
Also monitor the range in the 30min time frame for Bottoming or Bear Continuation Pattern (i.e Junk Box and Bear/Bull Fakeout). This will make the decision process easy.

MA-15MIN


SPX-DAILY II


SPX-DAILY I


SPX-30MIN


SPX-5MIN
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