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.

Thursday, August 24, 2023

SPX

Another day, another news-driven spooking of a market that was technically very bullish. This time it was as a result of comments by a senior Fed official. Tomorrow will be an even bigger news day when the Federal Reserve Chairman Jerome Powell speaks. The market is news-sensitive at this time. Just have to let it run its course.

SPX-DAILY


SPX-120MIN


SPY-15MIN
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