Bullish Morning Stars are Clues
Bullish Morning Stars are clues, SSNC created a Bullish Morning Star on support during trending consolidation. The 2-day chart also shows a Pop Out of The Box pattern, and the weekly still has the T-Line trending with price leading. On Tuesday last week price pulled back after hitting a new high, the bullish morning star suggests the buyers are still active.
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% •
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Event Calendar
SPY • Needs To Take Back The T-Line
The buyers were able to close the week with a bullish Morning Start last week giving them five candles in the bottom construction and another Volatility Dots has added to the construction. A close over the 3/27 candle would give follow through to the Morning Star pattern and clear the path to challenge the daily 50-SMA. The first goal for the buyers is to close price above the T-Line
The VXX short-term futures
Last week the VXX showed weakness but still closed over the T-Line. Positive trading today should close the VXX below the T-Line possible testing the downtrend line.
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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
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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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