For the past three days the SPY has been building a Bullish Continuation pattern and with the Government shut down deal I would suspect today will be another building block to the bullish continuation pattern. The Red/Green Trendicator is rising and price action is constructing a bullish pattern. I like that the T2122 chart has headed back up, but I don't really like that it is back in the overbought area. Watch price action and always keep the trend in you favor.
FYI: I am in Alaska on vacation and yesterday I closed MDLZ for a nice 55% profit while looking at the beautiful Eagle River mountains and the sun come up. Here's a nice way to start the day looking over the Keni River. I love being a stock trader.
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton pattern and the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3x8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our training room.
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