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.

Sunday, May 12, 2013

SPX EXPECTATION FOR THE WEEK

FOR THE WEEK:
Look for the alternating UP-DOWN days to continue with a DOWN day on Monday and an UP day on Tuesday (with the same magnitude as the past 3days). Then look for a breakout move higher on Wednesday followed by tiny (crappy) moves on Thursday and Friday. So this will be a good week for daytrading. Do not expect much in terms of (big) movement except on Wednesday.

FOR MONDAY:
Look for the market to move down on Monday with the same magnitude as the past 3 days.

NOTE:
This is just my opinion. I don't trade my opinion. So follow the plays (Entry, Target, Stop).
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