Short-term trading for days
The 15 minute Nasdaq 100 chart is used to trade the QQQQ, QLD/QID and/or QQQQ options for a few days. The ideal trade has both StochRSI and PPO crossing the mid line after a cycle or two in oversold or overbought, and the move is confirmed by the blue Put/Call, red QQV and white Tick lines also turning together from high or low levels. A proper entry and exit can then be chosen from the geometric support and resistance lines and cycles. Non-ideal signals are circled in yellow and may be subject to reversals. For more see my iive charts and commentary at StockCharts.com

Sentiment
The Blue line is the 5 hour MA of the Put/Call ratio. The Red line is the 5 hour MA of the Volatility and shows how expensive Options are due to fear of sharp moves. It is best to buy out of the money options after it has dropped sharply and sell out of the money options when it has risen sharply. The White line is the 12 hour moving average of the Tick and shows the eagerness to follow the trend. All three signal caution when they turn from very low or high levels of sentiment. When all three are trending together it usually means the market will trend too, but when they diverge be cautious of sudden reversals.

Moon Cycles
The white circles are the Moons, and we should always be aware of these since sharp moves often occur a few days before a Moon like the mini panic of late February 07.

Cycles, Geometry and S/R
The markets are oscillating up and down and the slope of the highs and lows extended in time gives us clues to possible future support and resistance points in time. Higher priority is given to parallel lines since they confirm each other, but a newly sloped line with many points may indicate a change of trend. The intersection of lines from different sources on a single point usually further confirms their significance.

Charts courtesy of StockCharts.com

Charts courtesy of StockCharts.com

Other Indices and Indicators
The SPX chart has the blue line substituted for the Nasdaq Highs since the Put/Call is already in the NDX chart above. The red line is the Volatility for the OEX and the white line is the NYSE Tick line. The Dow chart has the NYSE Highs as the blue line, the Lows as the red line and the Trin as the white line, giving us a different look at market strength.

Charts courtesy of StockCharts.com


Charts courtesy of StockCharts.com