MakisSwingTrader

Monday, July 18, 2011

SPX-DAILY , SPX-30MIN , VIX , FXE(EURO) , UKX (FTSE)

Momentum is to the upside. Expect a strong run up to take place. Over the past few months (and as far back as March 2009 lows), the UP legs have been impulsive, smooth and steady while the DOWN legs have been corrective and choppy (like what is happening on now). This means that the UP legs are excellent for swingtrading while the DOWN legs are good for daytrading because of the constant back-and-fill while going nowhere and a nightmare for swingtraders because the mkt takes so much time doing nothing. The setup at the moment is bullish and a strong run up will take place.

SPX-DAILY

SPX-30MIN

VIX-DAILY

FXE(EURO)-DAILY

UKX(FTSE)-DAILY

Saturday, July 16, 2011

SPX (WEEKLY, DAILY, 30MIN) , VIX , FXE(EURO - WEEKLY, DAILY), UKX (FTSE- WEEKLY, DAILY)

Note: FXE(EURO)-DAILY has been updated by adding an aggressive entry point (>141).
fyi: As I review my charts again, any updates (though unlikely) will be highlighted by adding a comment here.

SPX-WEEKLY

SPX-DAILY

SPX-30MIN

VIX-DAILY

FXE(EURO)-WEEKLY

FXE(EURO)-DAILY

UKX(FTSE)-WEEKLY

UKX(FTSE)-DAILY

Thursday, July 14, 2011

SPX-DAILY , SPX-30MIN , VIX , FXE(EURO) , UKX (FTSE)

As the market continues its gyration, I expect a bull run to take place. The market is setting up for a run up.
FOR TOMORROW:
I expect an up day which will likely be a big one. A small rise will mean a follow-through to the upside on Monday (as it carves out a Diamond Pattern as seen on my SPX-DAILY chart).

SPX-DAILY