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, April 20, 2016

SPX

The bulls look very tired as their momentum has dried up. So knowing how bears operate, be on the lookout for a big down day to take place that will swallow up all these small days that we have seen the past 5 trading days. I believe nothing can make this market regain upside momentum without first seeing at least one big down day (followed by sideways action for a few days to create consolidation and a base pad to launch from).

SPX-DAILY II


SPX-DAILY I


SPY-15MIN
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