Long-Term Bullish Ascending Triangle

Long-Term Bullish Ascending Triangle

FSLR has been creating a long-term Bullish Ascending Triangle and the last few days has been showing signs bullishness. I shared my thoughts on FSLR at last nights Member eLearning pointing out how tight price was getting inside the Ascending Triangle. A breakout would suggest another bull run. Keep your eye on the $100.00 mark…Trade for success or learn to.

AMD took me to the bank yesterday +41%

STOCHASTICS-RSI For a Sharper EDGE

PANW: Entry on 3/29 @ $182.43 • Exit on 3/13 @ $192.78

ADBE: Entry on 3/6 @ $213.57 • Exit on 3/13 @ $223.68

BA: Entry on 1/5 @ $298.61 • Exit on 1/18 @ $346.73

Stochastics -RSI has been widely used by many but none with the accuracy and consistency of my good friend and colleague Steve Risner. Steve will be sharing how he uses Stochastic/RSI and a grouping of 3 moving averages to trade for a living. Steve will proudly show you one of his accounts that he increased from $51,642 to $55,807 in one month. Would learning more about STOCHASTICS/RSI be good for you?

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

ADM 41% • IWM 13% • SHLD 57% • FOSL 11% • IWM 49%CVEO 29% GE 11% • ANF 56%CREE 51% FLO 3% • 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 • Earning Season is Here

Another day higher and another trip to the bank! The SPY gapped and held it’s move yesterday as it climbs closer to where a group of sellers is hanging out. The $273.36 area may cause the SPY to retreat and re-group before it can continue the current run. The $265.11 area should act as support. The past 5-6 trading days has been good to us so let’s not push so hard we give our profits back.

****Earnings Season is Heating Up*****

The VXX is right on the edge of our bounce zone now that it has tagged the 200-SMA, the bounce zone is between the 200-SMA and the Dotted Duece.

Rick’s Trade-Ideas Reserved for Members

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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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Four Bar Rest Bullish Harami

Four Bar Rest Bullish Harami

Four bar rest Bullish Harami, SPRINT bolted out of a Bullish Scoop pattern a few days ago and had been resting the past 4 bars. Yesterday rested with a new low and came back closing with a bullish Harami. The weekly chart paints a good picture of challenging resistance and winning, also take note of the weekly Bullish Morning Star. With SPRINT reporting on May 2, one must trade carefully.

STOCHASTICS-RSI For a Sharper EDGE

 

PANW: Entry on 3/29 @ $182.43 • Exit on 3/13 @ $192.78

ADBE: Entry on 3/6 @ $213.57 • Exit on 3/13 @ $223.68

BA: Entry on 1/5 @ $298.61 • Exit on 1/18 @ $346.73

Stochastics -RSI as been widely used by many but none with the accuracy and consistency of my good friend and colleague Steve Risner. Steve will be sharing how he uses Stochastic/RSI and a grouping of 3 moving averages to trade for a living. Steve will proudly show you one of his accounts that he increased from $51,642 to $55,807 in one month. Would learning more about STOCHASTICS/RSI be good for you?

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

IWM 13% • SHLD 57% • FOSL 11% • IWM 49% • CVEO 29% • GE 11% • ANF 56% • CREE 51% • FLO 3% • 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 • Earning Season is Here

Yesterday the SPY closed its price between it’s T-Line, and it’s 50-SMA, the buyers are slow pushing price higher, simply put they will continue until the sellers stop them. It is very imported we follow and listen to what price tells us. Although we do not want to react with every little tic of the chart, we don’t want to hold on to our emotional belief if price is clearly saying something else. It’s goals for the SPY to keep the sellers at bay. 1) Close over the 50-SMA, 2) close over $271.50, 3) close over $ 275.90, 4), close over $279.50.

****Earnings Season is Heating Up*****

The VXX is now on a path to about $40.00 – $37.00

Rick’s Trade-Ideas Reserved for Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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STOCHASTICS-RSI For a Sharper EDGE

STOCHASTICS-RSI For a Sharper EDGE

Stochastics -RSI has been widely used by many but none with the accuracy and consistency of my good friend and colleague Steve Risner. Steve will be sharing how he uses Stochastic/RSI and a grouping of 3 moving averages to trade for a living. Steve will proudly show you one of his accounts that he increased from $51,642 to $55,807 in one month.

3-Day Chart Morning Star

The buyers on AAOI has produced a 3-Day Chart Morning Star buys signal. The daily chart is now an (RBB) pattern a little Inverted Head and Shoulder buyers pattern. With 3 bars over the 50-SMA followed by moving averages turning up. The plan now that price has closed above the downtrend line is to wait for an appropriate rest (consolidation) and a buy signal. Use (RBB) Rounded Bottom Breakout Rules.

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

IWM 13% • SHLD 57% • FOSL 11% • IWM 49%CVEO 29% GE 11% • ANF 56%CREE 51% • FLO 3% • 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 • Earning Season is Here

On April 4 the SPY painted a Bullish Engulf that kicked the recent bullishness into gear. As of the close Friday, the price has managed to close above the Dotted Duece, 20-SMA and the T-Line. If the bullishness in the pre-market futures can hold and build the 50-SMA may get challenged. The overall goal is to challenge the extended downtrend line that runs from the January highs to the March 13th high.

****Earnings Season is Heating Up*****

With the market showing a little more strength the VXX is falling asleep (for now). The VXX still has the potential to wake up.

Rick’s Trade-Ideas Reserved for Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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Live Members Morning Prep

Live Members Morning Prep

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 This is a time before the market opens that we take a look at the futures, chart changing news and charts that should be on the watchlist.

Stochastics/RSI

My good friend and colleague Steve Risner will be sharing how he used Stochastic/RSI and a grouping of 3 moving averages to move his account from $51,642 to $55,807 in one month. Could know more about STOCHASTICS/RSI be good for you?

Stochastics/RSI WorkshopThe Right Tool For You Matters

 

Recently closed

GE 11% • ANF 56%CREE 51% FLO 3% • 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 •

This past week has been pretty good to us with the SPY making higher lows. As of yesterday the SPY has closed over the T-Line three days now and closed over the 20-SMA for the first time yesterday in 18 days…one baby step at a time. No way are we out of the woods yet, the bearish downtrend line and the 50-SMA are waiting for a fight. About the $270.00 area should be the next hurdle assuming price can hold the 20-SMA.

Let’s not ignore the VXX chart, it is resting quietly at the moment, but the weekly chart is a beautiful bullish chart.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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Bullish Scoop On The Daily 34-EMA

Bullish Scoop On The Daily 34-EMA

The Bullish Scoop on the daily 34-EMA has caught my eye. INFN has been pulling back and the last couple of days price has found a friend in the 34-EMA. The 50-SMA is also catching up to price. The 3-day chart is resting on the 200-SMA while the 5-day chart is in an (RBB) set up. The weekly chat shows off the Cradle pattern that was created very well.

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

My good friend and colleague Steve Risner will be sharing how he used Stochastic/RSI and a grouping of 3 moving averages to move his account from $51,642 to $55,807 in one month. Could know more about STOCHASTICS/RSI be good for you? Steve will also be sharing stock trade idea for the following week. We want to help you get your education money back.

 

GE 11% • ANF 56%CREE 51% FLO 3% • 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 • Closed Over T-Line

For a minute yesterday, I thought we were going to break out of the box we have been trapped. (Ha, I thought wrong) Sor far this morning it looks like the futures will open us up above the Dotted Duece. Until the SPY can breakout and close above $266.00, the sellers will be hanging around. On the 2 and 4 hour charts, I am picking up an Inverted Head and Shoulder (Bullish). Stay sharp and stay true to your rules.

At the moment (Early before the market opens the VXX is under water looking a little shy. Above $51.25 that little guy could turn into a monster.

Rick’s Trade-Ideas Reserved for Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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VCEL Saw Profit Taking Until….

VCEL Saw Profit Taking Until….

After the breakout in March, VCEL saw profit taking until the buyers started buying back early April. A Bullish Morning Star was painted followed by a PBO Flag or a Pop Out OF The Box pattern. Yesterdays close yesterday the 5thday back above the T-Line, and now the T-Line has turned back up

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

Stochastics/RSI

My good friend and colleague Steve Risner will be sharing how he used Stochastic/RSI and a grouping of 3 moving averages to move his account from $51,642 to $55,807 in one month. Could knowing more about STOCHASTICS/RSI be good for you?

Recent Trades

GE 11% • ANF 56% • CREE 51% FLO 3% • 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 • Closed Over T-Line

The SPY had a great day yesterday but not great enough to close above $266.00, and $266.00 is what the buyers need capture before they can move on. Below $262.60 the risk becomes the 200-SMA. So here we stuck in the box yet another day, that’s 13 days now. Earning is about to be part of the mix. Hopefully, earnings will shake the box, and we can rattle enough to trade up or down. A close over $266.00 gets us a ride to the 50-SMA, and a close below the 200-SMA gets us a ride to the February low.

The VXX chart is still bullish and should not be taken lightly; price action is currently in a rest mode just waiting to strike if it’s allowed to.

Rick’s Trade-Ideas Reserved for Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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ONCE A RBB Now A 200-SMA Breakout

ONCE A RBB Now A 200-SMA Breakout

ONCE has gone from an RBB to a 200-SMA breakout. From the 3-day chart ONCE ran to find the 50-SMA pulled back with a Doji and popped to close over the 50-SMA printing a Bullish Morning Star. On the weekly chart has printed a Pop Out of The Box pattern. ONCE has the potential of challenging the 2017 highs, 30% away.

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

GE 11% • ANF 56%CREE 51% FLO 3% • 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% •

Sharpen Your Edge With Stochastics/RSILearn More

Event Calendar

SPY • Evening Star

The SPY has been stuck in a box like trading rage for the last 11 days, I don’t know about you, but I for one am getting a little tired of it. BUT we must maintain our cool and be patient. Trying to trade in this chop is crazy, and the chopping machine will nibble away until you bleed to death.

Ok so whats the market up to today, I see the futures are up premarket. Well, the 200-SMA held the price up yesterday, we closed with a Doji, I see a bullish engulf, a low high, higher low ending with the Doji yesterday. If the futures can keep their strength, we could see a solid attempt to challenge $266.00 and win. It’s possible, but I think we need proof.

The VXX short-term futures

The VXX closed over the T-Line yesterday for the second day in a row. The morning futures have price back below the T-Line. Chop Chop Chop, proof test proof is what we need.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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FOSL’s Weekly PBO Flag Pattern

FOSL’s Weekly PBO Flag Pattern

FOSL’s Weekly Morning Star / PBO Flag pattern has held up well during the market chop last week and the poor performance of market Friday and didn’t seem to be affected by Fridays poor market performance. The Weekly RBB strategy looks strong with good risk reward. The PBO Flag pattern is a Road Trip Continuation pattern.

Special note: We bought FOSL a  few days, now supporting 9%.

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

GE 11% • ANF 56%CREE 51% FLO 3% • 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% •

 

SPY • Evening Star

On Friday the SPY painted the 3rd candle to create a bearish Evening Star (on stronger volume), price cut through the 200-SMA but closed above the 200-SMA before the closing bell. Weakness and follow through today could send the SPY to test the Feb. 9 lows ($252.92). On the other hand, the buyers could find the energy to keep us in this sideways chop yet another day. Anything below the ($266.00) line the sellers have a strong grip on the buyers, overall the market remains wound tight and sellers outnumber buyers. Be careful and don’t chase every ounce of hope.

The VXX short-term futures

The VXX chart is being painted by the traders that have the greatest fear and lean toward the bearish side. The bigger price pattern is bullish. A good simple rule is to ask yourself what is price doing in relationship to the T-Line and what is price action doing?

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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Employment Numbers and Tweets

Employment Numbers and Tweets

Today’s employment numbers and tweets from any knuckleheads could keep this market volatile, stay sharp and trader your trade! Fridays we typically don’t’ post trades ideas to aid in slowing the rush down a little. Fridays are a great day to bank profits that you have not yet banked, clean your desktop and your computer’s desktop.

Special note: Thank you for attending our workshop last light, I was a pleasure to share my account statement and teach you how I doubled a trading account in 2 months. I look forward to us back together again in a few weeks.

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%

 

SPY • Yesterday’s Doji

The SPY gaped and left us with a Doji perfectly at the front door of our $266.00 line. It now up to Friday’s team to put the Doji to work. The next order of business for the buyers is to close price above $266.00 and use the $266.00 area as support. The move from the $266.00 line should get us to the 50-SMA. If the buyers can not do their job and they fail to build support over $266.00 then it is likely the sellers will force a test of $261.80, below $261.80 would put us back below the T-Line. (Not Good)

VXX Closed below the T-Line yesterday, falling from the Bearish Engulf the day before. Above $51.25 the fear and volatility come back, below the T-Line the market stays somewhat calm.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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SHLD Painted A Bullish Swing Pattern

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.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

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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