CDNA Broke Out Bullish Above $28.15

CDNA break out, and we are bullish above $28.15, stop near $25.90. CDNA has been trading flat for the past fourteen days, nine of which were in the T-Line Channel. For the past eleven days the V-Stop has run flat, and yesterday the candle and the V-Stop popped. Price broke out yesterday after a little Flag. Looks to me the price action is suggesting the next bullish leg is starting. CDNA bullish above $28.15, stop near $25.90

 “Stops are for protection not trading.”

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY • FOMC Announcement Today 

For some today will be a great day for trading and for otheres it might be a nightmare. Did you know you know  you have the control?

Happy Day

For those that are going to have a great day trading you have prepared for FOMC announcement, and you are likely an experienced trader and have a solid plan on how you’re going to handle today.

Nightmare Day

Here are four traits for those that might live a nightmare today. 1. You might have too many positions on and too much invested in them. 2. You will likely chase candles off the hard right edge. 3. You will likely over trade. 4. You will likely pay no attention to your stops.

****VXX – The VXX painted a Bullish Engulf yesterday,   I will be watching price action and the T-Line Channels today.

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