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.
Right Way Options Room Update – The RWO trading room is
Top Gun Day Trading - The Top Gun Day Trading room is up over $3,000 in December while risking only $100 to $200 per trade. Our latest trades include: 400 shares of SPXS for +$163.00
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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
Sorry no trades ideas posted on the blog, we will be posting and talking about trades in the trading room.
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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