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.

Tuesday, August 20, 2024

SPX

The current bull leg is overextended but it is likely it will get even more overextended by going parabolic. Though there is a great deal of weakness, I can still see strength. “The markets can remain irrational longer than you can remain solvent.” It appears bears aren't ready for prime time yet.

SPX-WEEKLY


SPY-DAILY


SPX-240MIN


SPX-120MIN


SPX-60MIN


SPX-30MIN
Posted by at