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, October 14, 2017

SPX WEEKEND

I'm waiting for the crash that is about to happen. Bulls just don't have any more energy as upside momentum has faded. On the other hand, bears have been doing absolutely NOTHING. But when the tables turn, it will be catastrophic. A catalyst is needed though. Trump and Kim Jong-un are two childish egomaniacs that will cause global chaos just to satisfy their egos as to who is in control. Given their personalities, a massive sell-off is coming in short order. I'm surprise it took this long. Like I said back in April, I'm not comfortable making bull plays until the US-North Korea tension subsides. So far the things have gotten worse not better between them as each wants to prove a proint. When war starts (and it is sure to happen) there will be mass exodus from the market due to panic selling. This constant rise taking place is a trap because it will all disappear very suddenly as the rug gets pulled from underneath.

SPX-WEEKLY III


SPX-WEEKLY II


SPX-WEEKLY I


SPX-DAILY II


SPX-DAILY I


SPX-30MIN