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, June 17, 2017

IWM, NFLX, SPX WEEKEND REVIEW

Are bears finally going to wake up and TRULY come out of hibernation starting this week? They have been extremely weak with too many missed opportunities. I understand that that is the definition of a bull market. But at the moment the market is topping rather than extending the bull. So bears can or should have taken charge if they are serious. Unless they are intending to come out suddenly and with force as the charts are indicating. That means the grind up that has been taking place recently is a bull trap.

IWM-WEEKLY


NFLX-WEEKLY


SPX-MONTHLY


SPX-WEEKLY III


SPX-WEEKLY II


SPX-WEEKLY I


SPX-DAILY VI


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-60MIN III


SPX-60MIN II


SPX-60MIN I


SPY-15MIN