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, January 19, 2012

SPX - GRIND UP CONTINUES AS AMAZING PRICE ACTION KEEPS GOING

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

Wednesday, January 18, 2012

SPX - JUST CAN'T FIGHT THE MARKET

While my indicators keep pointing to weakness and a reversal, the market has proven to be a force to be reckoned with. Though I still expect a strong reversal downward, I will just keep tracking till the ship finally makes the turn. Just can't fight the market for it is ALWAYS right. But I believe this grind up is a bull trap.

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

Tuesday, January 17, 2012

SPX - zzzzzzzzzz................

I guess you can't turn a ship on a dime. This ship is getting ready to turn. Downside coming. Just taking too long to play out.

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

Saturday, January 14, 2012

SPX - WEEKEND REVIEW (DECISION TIME FOR THE MARKET)

SPX-WEEKLY

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

Thursday, January 12, 2012

SPX - BOOOOORRRRRIIIIIIINNNNNGGGGG. PUTTING ME TO SLEEP.

Based on the intraday (30MIN)charts, tomorrow is setting up for a big move (likely down based on my long-term expectation and daily chart). But the intraday charts are pointing to a big move in either direction. I will not hold my breath expecting a big move tomorrow because the lousy price action can continue especially given the fact that it's Friday.
It's about time to start seeing some big moves. I'm missing the high volatility of 2011 but it will come with a vengeance though it's acting like 2009 are the moment.

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME