SHLD Painted A Bullish Swing Pattern

SHLD has painted and Bullish swing pattern over the past several days with a Bullish flag PBO (Continuation pattern). We will be using the Rounded Bottom Breakout Strategy. The Rounded Bottom Breakout Strategy uses the dotted duce and the 200-sma as profit zone areas.

Special note: We have been long SHLD for a  few days and closed yesterday 18% in the green.

Live Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am 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 • Bullish Engulf

Yesterday’s bullish Engulf (Price Action) closed over the T-Line, we will take that as a win and will likely see another high today! But I can not stress the importance of quality follow-through over the next few days. A failure of follow through and a test of the recent lows could be disastrous. The goal for the buyers is to find support above $266.00 and challenge the 50-SMA. Of course, we want to see the buyers when that challenge even if it takes them a couple of tries.

VXX Closed with a Bearish Engulf below the T-Line, a lower low is likely.

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Focus Trading Education

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, Fibonacci, Stoch/RSI

To learn more about our trading tools join us in the trading room or consider Private Coaching.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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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