All the charts look very bearish. Just needs a catalyst. I guess Moody's downgrade of U.S. credit rating wasn't good enough as a catalyst. But note that a bull trap/fake-out may be in play.
SPX-DAILY II
SPX-DAILY I
SPX-240MIN
SPX-120MIN
SPX-60MIN
SPX-30MIN
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.
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.



























