Trending (RBB) J-Hook Continuation Pattern

MDXG is a trending (RBB) Rounded Bottom Breakout with a J-Hook continuation pattern that has found support in the T-Line Bands with about 46% to the 200-SMA. The 2-day chart is set up with a Bullish Morning Star (PBO) Pull Back Opportunity on the T-Line. Price is currently in stage 3 of a continuation pattern, above $5.52 will be stage 4 and the money stage. Bullish above $5.86, stop near $5.37

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Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY • Trending

The SPY is still holding above the T-Line and trapped below the 3-EMAH and the $291.92 2018 high line. You can replay the T-Line Trap video here. 

Our 35-day T-Line Bands are in a beautiful bullish trend and price action that has moved with perfection with the bands. (SPY) Price closed yesterday between bands, so the question today is will price break through the upper band and challenge 2018 high $291.92. If the price falls below $289.35, an undesirable pullback will occur but the morning futures are being led by the bulls so far.

****VXX – The VXX gapped down yesterday and held, at the moment there seems to be no fear in this bullish resilient market.

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Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.