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.

Saturday, March 18, 2017

AMZN, FB, GS, IWM, QQQ, SPX WEEKEND REVIEW

Stay away from bullish trades except as a daytrade because the market is very ripe for a sharp decline. It is just a matter of when. It can start as early as Monday based on the charts of QQQ-DAILY and SPX-120MIN. It will come without warning. It will take just one or two days to clean up what bulls took months to build as a result of panic selling. Not to even mention what one week will do to the market. At the moment the market is looking for ANY catalyst to start a major selloff.

AMZN-MONTHLY


AMZN-WEEKLY


FB-MONTHLY


FB-DAILY


GS-WEEKLY


IWM-WEEKLY


IWM-DAILY


QQQ-WEEKLY


QQQ-DAILY


SPX-MONTHLY


SPX-WEEKLY


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-180MIN


SPX-120MIN


SPY-15MIN