Bullish Piercing Candle (RBB)

CYTK has printed a Bullish Piercing Candle in an (RBB) chart pattern catches my eye. Ater a closer look I can see a recent 9 bar run followed by a PBO and a Doji Continuation pattern setting up. A double bottom is being put in, and a Bullish “W” pattern is possible in a few days. A Bullish trade over $9.00 with (RBB) rules. The big game changer FOMC starts today. Let’s trade wise and profitable while preserving our capital.

We will discuss the trade in detail in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •

Event Calendar

SPY and Price Action

Yesterday the SPY dropped to our lower support line, now that the SPY chart has created two higher highs and two higher lows and the wedge is getting smaller I suspect resolution is near. Would resolution do we hold this line and rally to breakout or do we lose the line and head for the 200-SMA? FOMC will likely be a price mover this time, trade wise.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

The VXX printed a bullish candle yesterday that created a Bull kicker Morning Star pattern. Over $43.90 would indicate fear of the bear.

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Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

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