T-Line Bullish Engulf
PDCE printed a T-Line Bullish Engulf Friday using the November highs as support. PDCE recently painted a successful Bullish Inverted Head and Shoulders that helped get them to the current position. PDCE is a Bullish chart and will become attractive above $54.95. To learn more about entries join us in the member’s area or consider a trading coach.
Today At 9:10 AM ET. We will demonstrate live how PDCE could be traded using our Simple Proven Swing Trade Tools
► Learn the Power Of Simple Trading Techniques
On January 10, we shared SRNE and how to use the trading tools listed below to profit from SRNE. Yesterday the swing profits would have been about 23% or $350.00 with 300 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
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Despite the government shut down in the wind, the SPY ETF closed at a record level Friday. As the shut down became real, the futures didn’t seem too concern. It’s now Monday morning, the government is shut down, and the futures are down a little but not bad. When the bulls are strong, they are strong! The trend is still bullish and intact. However, would not be surprised to see chop until the 3rd graders in Washinton grow up.
The VXX short-term futures closed Friday still inside the January 16th candle and above the T-Line. The bulls/buyers have been working with the last 12 bars to construct a bottom. Not fully constructed and still venerable a bottom still being constructed.
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Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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