Bullish Morning Star Suggest
Yesterday Bullish Morning Star suggest the bulls are interested it pushing price higher. FND was in bad shape until the bullish gap a few days ago. And with positive trading, the days following FND has become an RBB setup with about 37% to the RBB stretch target. I will add FND to the LTA-Live Trading Alerts Real Time Market Scanner for a buying alert. FND bullish in the buy box or a tradable breakout, stop below $31.12
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SPY • Bummer The Election is Over…LOL
Ok the results are in, now the market can do what it does best! At yesterdays close the bulls presented us with a Bullish Morning Star (type) pattern and an Inverted Head and Shoulder pattern. Based on the pre-market futures we are going to see bullish follow-through. And remember it’s more about how we draw our conclusions more from the close than anything during the day. Be warned the bulls still need to push through the daily 200-SMA and weekly 50-SMA.
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****VXX – Yesterday the VXX slid through the 200-SMA and closed weak, watch for a bounce.
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