Trending Consolidating Pop Out of The Box
The trending consolidating Pop Out of The Box has caught my eye today. I have found that a bullish chart in motion stays in motion until you get a sell signal/pattern. BSX has gapped and for the past several days has had tight consolidation, what we call a Pop Out of The Box pattern. The weekly chart has created a Doji Continuation Pattern. BSX bullish above $37.90, stop near $37.10
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SPY • Trending
If you-you missed Sunday nights “Weekly Look” you can pick the recording up on my YouTube Channel. https://www.youtube.com/ricksaddler
On Friday last week we saw a little pressure on the SPY most likely on the Tariffs kicking in today, pre-market it looks like we see a little follow-through on the pressure. If the Bulls can keep us above $290.90, we should be ok with this nervous profiting.
On the other hand below %290.90 could lead to testing the September lows. On the daily chart, the $290.90 price line cuts right through the V-Stop and still above the Lower T-Line Band.
****VXX – Closed Friday with a positive body Doji below the T=Line and has a red V-Stop on its head. We might see a little chopping around this week in the VXX.
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