Welcome to 2019! So we wake up to a nice Bearish drag the first trading day of the year. In my last blog post, I wrote: “The SPY is set up for more consolidation with pending political news.” And this is exactly what is happening, after the bullish price action on the 26th and 27th we see consolidation, construction consolidation as long as the bulls can defend $242.65.
The fear in the VXX chart is working on a Bearish Shooting Star, BUT if the sellers can not close below $45.55 soon, the Bearish Shooting Star will be the candle that produced a small amount of profit taking. The VXX chart has been in a bullish trend ever since the October low; the T-Line has remained above the 34-EMA as the 34-EMA has been rising. The current daily price action is still above the T-Line, a bullish indicator.
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Hit and Run Candlesticks • The Road to Wealth – For 2019 Rick plans on taking the now $23,567.00 account to $50,000.00 before December 31, 2019. Remember he already has increased the account from $5,000.00 to $23,567.00 or 362% in 2018. If you would like to learn from someone that truly makes money not just one hit wonders and backs it up with his account statement. – Learn More Here
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For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement!
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