Weekly Bull Kicker On Volume

Looking at the chart on AQMS I see a weekly Bull Kicker on volume that has seen a little profit taking and now forming a continuation pattern. Let’s look at the daily chart now; price has chopped around above a rising 50 day-SMA in an (RBB) Rounded Bottom Breakout pattern. Friday left up with a Bullish Morning Star with both of the deuce magnets above. A three-day chart offers a nice Morning Star that will use as support. The big game changer this week will be the FOMC meeting report. Let’s trade wise and profitable while preserving our capital.

We will discuss the trade in detail in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% • Education and practicing what you learn is one of the keys to success. Take a Road Trip and Learn

Event Calendar 

SPY Update

The SPY produced four lower loss last week closing under the T-Line and the 50-SMA. Price did close above the lower bullish trend line keeping price contained in the wedge it has been building. Not that there is any guarantee but the price has been following the path of the tops and bottoms wedge. (February to now) Chop Chop Chop until we see a breakout or a breakdown. I will remain cautiously bullish until the chart turn bearish below the current chart pattern.5

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The VXX short-term futures

The VXX could be a big clue; there was no real fear last week. However, price does seem to have found a little support. Premarket today is showing a little activity. The hourly chart is looking at $43.50

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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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