RBB, Hammer, Bull Engulf, Rising Price
RBB, Hammer, Bull Engulf, rising price. TNDM has been working on constructing Frypan/Rounded bottom for the past few months. This past week price has printed bullish candles that suggest buyers are poking around. Yesterday price broke out of a Pop Out of The Box pattern. FYI I am looking at a 3-day chart
We will any discuss our trades in detail during our Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am 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% •
[button_1 text=”Get%20The%20Most%20Out%20Of%20A%20Trend” text_size=”32″ text_color=”#000000″ text_font=”Montserrat;google” text_bold=”Y” text_letter_spacing=”0″ subtext_panel=”Y” subtext=”Click%20Here%20%3A)” subtext_size=”15″ subtext_color=”#ffffff” subtext_bold=”Y” subtext_letter_spacing=”0″ text_shadow_panel=”N” styling_width=”40″ styling_height=”30″ styling_border_color=”#000000″ styling_border_size=”1″ styling_border_radius=”6″ styling_border_opacity=”100″ styling_gradient_start_color=”#003fff” styling_gradient_end_color=”#003fff” drop_shadow_panel=”N” inset_shadow_panel=”N” align=”center” href=”https://ob124-5a86cf.pages.infusionsoft.net/” new_window=”Y”/]
SPY • Who’s Winning the Battle?
The buyers and sellers are having a knockdown battle, and as long as the price stays below moving averages (50-SMA and below), the sellers will own this market. Also holds true to trading charts. Yesterday’s close engulfed Monday’s positive day for the price. Note that Monday did not have to follow through and neither Monday or Tuesday closed over the T-Line. Over $269.23 the buyers have a chance, below $257.80 the sellers gained more control.
The VXX short-term futures
Yesterday I wrote the VXX “Should not be dismissed just yet.” The reason is very simple, price and the chart pattern and the recent trend is still bullish. This action suggests that fear and concern are still in this market.
Rick’s Swing Trade Ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Focus Trading Education
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, Fibonacci, Stoch/RSI
To learn more about our trading tools join us in the trading room or consider Private Coaching.
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.
*************************************************************************************
Comments are closed.