Price Action Broke Resistance

Our moving trend lines have met the trend test with flying colors. Price action has broken out of resistance now support. Currently, a Pop Out of The Box Pattern is forming. I will be setting up a trading plan for about 25% with 3.24 to 1 risk ratio for VIPS in our Members Morning Prep starting at 9:10 EST this morning.

Hope to see everyone at the members morning briefing 9:10 EST today.

►Event Calendar Stay Informed

►SPY Up Date

Friday was a good day for the buyers! The buyers added another important piece to the Bull Flag with a Bullish Morning Star Candle Pattern. Today we are looking for follow-through and a close over $275.45. A close over $275.45 would put the buyers in a good position to challenge the January highs in the future. A failure back below the 50-SMA would indicate the sellers are stronger and have a different agenda for the direction of price.

►Learn Our Tools and Trading Techniques

On February 13, Rick shared VIPS as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 16% or $250.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

►The VXX short-term futures

Currently, VXX is trading below the T-Line Bands, Seller control

►Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual

To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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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