SPX-DAILY
SPX-30MIN
VIX
UKX(FTSE)
FXE(EURO)
UUP(DOLLAR)
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.
Thursday, August 18, 2011
BEAR FAKEOUT ALERT!!!!
The futures are sharply lower at this time with the SPX down -31 (-2.6%) at the moment. I believe this is a Bear Fakeout. Expect a strong recovery that will end the day as a Hammer candlestick (bullish)with a small down day and a continuation higher tomorrow and the days ahead on the SPX.
Note: This is what I believe will happen but I will make decisions (intraday) base on what the charts tell me not what i believe.
Note: This is what I believe will happen but I will make decisions (intraday) base on what the charts tell me not what i believe.
Wednesday, August 17, 2011
Tuesday, August 16, 2011
SPX, VIX, UKX(FTSE), FXE(EURO), UUP (DOLLAR), USO (CRUDE), XLF (FINANCIALS)
The financials are getting ready for a run UP while the gold is getting ready to DROP. It's still early at this time but could start playing out in a few days (especially the financials because they are closer to a breakout, hence the reason for posting the XLF and not GLD chart). Consider this information absolutely USELESS till they move beyond my point of interest. IT'S ALL ABOUT CONFIRMATION. I'm just trying to draw attention to them so folks can plan ahead.
SPX-DAILY
SPX-30MIN
VIX-30MIN (NOTHING NEW ON THE DAILY)
UKX(FTSE)
FXE(EURO)
UUP(DOLLAR)
USO(CRUDE)
XLF(BANKS/FINANCIALS)
SPX-DAILY
SPX-30MIN
VIX-30MIN (NOTHING NEW ON THE DAILY)
UKX(FTSE)
FXE(EURO)
UUP(DOLLAR)
USO(CRUDE)
XLF(BANKS/FINANCIALS)
Monday, August 15, 2011
Subscribe to:
Posts (Atom)




























