GLD, AAPL, GOOG, SPX WEEKEND REVIEW

GLD(Gold)-WEEKLY II

GLD-WEEKLY I

GLD-DAILY

AAPL-DAILY

AAPL-15MIN

GOOG-5MIN

SPX-MONTHLY

SPX-WEEKLY

SPX-DAILY VI

SPX-DAILY V

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN II

SPX-30MIN I

SPX-5MIN

USO, AMZN, AAPL, VIX, SPX

I strongly believe the bottom was put in yesterday on SPX. I also believe the drop that took place after the initial move up today was in order to kick out weak bulls and to give false hope to the bears. This means that the bears (bear fakeout) and weak bulls (bull fakeout) will sit out or get trapped while the market makes a strong run up.
Crude (USO) is ready for a run up, so watch for higher prices coming to a gas station near you (if USO trades >34.50 tomorrow). :(

FOR FRIDAY:
Look for the market to make a strong move higher that will likely start after an initial drop. Currently at 1432.93, I believe it will drop to 1431 before reversing for a strong run up.
But if it starts by going up, then the opening price will likely be the low of the day. See the SPX-10MIN chart for clarity.

USO (Crude)-DAILY

AMZN-15MIN

AAPL-5MIN

VIX-DAILY

SPX-DAILY II

SPX-DAILY I

SPX-30MIN II

SPX-30MIN I

SPX-10MIN

FXE, GOOG, AAPL, VIX, SPX

Currently at 1432.61, I believe the bottom is in for the SPX. So look for the market to start moving back up from tomorrow if SPX moves >1434. This is also supported by the fact that the VIX wants to drop and the euro (FXE) looks ready to move back up.

FXE (Euro)-DAILY

GOOG-5MIN

AAPL-5MIN

VIX-DAILY

VIX-15MIN

SPX-DAILY II

SPX-DAILY I

SPX-30MIN II

SPX-30MIN I

SPX-10MIN

GS, GLD, AAPL, GOOG, QQQ, VIX, SPX

FOR WEDNESDAY:
Currently at 1441.49, look for SPX (and the market) to regain all that was lost today if it moves >1444

GS-DAILY

GLD-DAILY

AAPL-5MIN

GOOG-5MIN

QQQ-5MIN

VIX-DAILY

SPX-DAILY II

SPX-DAILY I

SPX-30MIN II

SPX-30MIN I

SPX-5MIN

VIX & SPX

Today's sleepy price action can be associated with the fact that today is a holiday (Columbus Day), with the banks and bond market close = low volume. I failed to realize this when I added the OUTLOOK post over the weekend (with my expectation for Monday). Note that I expect a big run up this week.

FOR TUESDAY:
Look for the SPX (currently 1456.02) to resume the upside if it moves >1458. We will likely see a huge move up that starts with a big gap up. We could see 1484 tomorrow.
(I know it is a crazy expectation.)

VIX-DAILY

SPX-DAILY II

SPX-DAILY I

SPX-30MIN III

SPX-30MIN II

SPX-30MIN I

SPX-5MIN