Challenging The W Pattern

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Challenging The W Pattern

Yesterday the SPY added to it’s run by gapping over the 50-SA and challenging the top of the “W” pattern. By the time price got to the top it was pretty well run out. Bullish consolidation from yesterdays high to the 200-SMA would be a bullish pullback. Below the 200-SMA would suggest the sellers are outsmarting the buyers. Yesterday was a big day for our members, gapes are gifts, and a lot of gifts were had yesterday. This market continues to face a huge headwind, trade with your eyes open to spot the clues.

LTA Real-Time Market Scanner

Today we will be using the LTA-Live Trading Alerts Real Time Market Scanner to find tradable charts. The LTA Scanner is a tool to find Candlesticks signals and chart patterns in real time. For over 20 years I have used a real-time scanner, and the results show.

****VXX – The VXX chart has found what could be a bottom, the question now is what will price do with it?

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