HAL Morning Star J-Hook Setup The (RBB) Rounded Bottom setup

HAL Morning Star J-Hook Setup

HAL is presenting with a Bullish Morning Star J-hook setup after a bullish breakout over the 50-SMA with a resting pull back to the 50-SMA and the T-Line. HAL also became an (RBB) Rounded Bottom Breakout on September 24. Bullish above $41.50 gives the HAL trade about 13% to the 200-SMA main target zone. Always use a protective stop. The 50-SMA and the V-Stop are about $40.30.

The (RBB) Rounded Bottom setup is now used worldwide by thousands of swing traders. On October 17th I will be presenting a workshop/Clinic on the (RBB) to read more about the clinic and to take advantage of the discount that ends tonight click here

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SPY •

Nice pop and profits yesterday, but for the most part, the SPY lost energy early on. Price was on it’s way to the breaking of the upper T-Line Reg Line then settled for a Doji close between the upper and lower T-Reg line. Price is in the weak territory on the hourly chart, and the 200-SMA may need to be tested. If the 60-Min 200-SMA can’t hold price may want to visit $289.50

****VXX – A bit of fear stepped in yesterday but not enough to put us over the T-Line. Over $27.75 price would run to the 50-SMA.

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Past performance is not indicative of future returns

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