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.

Friday, August 26, 2016

SPX WEEKEND REVIEW

For about six weeks now we have seen an extremely boring market that just doesn't want to move. The worst part is that the sideways action has been in a narrow range. The good news is that bulls have had enough time to rest. This is also coupled with the fact that the price action the past four days should serve as enough reason for bulls to now jump in since they tend to do nothing unless compelled by bears to act. Now that bears did something (if you want to call it that), it is time to watch bulls react and take the market out of this state of boredom.

SPX-MONTHLY IV


SPX-MONTHLY III


SPX-MONTHLY II


SPX-MONTHLY I


SPX-WEEKLY IV


SPX-WEEKLY III


SPX-WEEKLY II


SPX-WEEKLY I


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-60MIN


SPY-15MIN