T-Line Regression Lines Introduced
This week I introduced the T-Line Regression Lines to Hit and Run Candlestick members. You can pick up recording on Youtube on how to set them up on TC2000. Don’t forget to subscribe and click the subscribing bell.
It’s Friday and another great week of trading is about over. The SPY weekly chart (closing Thursday) has painted a Doji above the T-Line, and the T-Line is in a bullish trend. This weeks Doji close is slightly lower than the previous candle close suggesting the bulls have been under a little pressure. The market had to endure the FOMC announcement this week and trade is still haunting the market.
The SPY, Di’s and QQQ’s are trending well with the T-Line bull, and the QQQ’s are painting a Bullish Engulf. IWM is not doing so well with a price below the T-Line and testing the T-Regression Line Low.
My big winner this week was PZZA with a 135% Call Option profit. PZZA is an RBB setup, a huge favorite of mine. On October 17, I will be presenting a workshop on the RBB setup. To learn more about it click here
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Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.
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