The market (SPY) is trapped between $281.95 and $284.00 a 13 point range. The buyers are trying to get price back above $288.70 then $294.00 while the sellers are trying to keep the price below $288.70 and $281.95. It is very tough to trade while the price is stuck in a range with price whipping back and forth. Another big challenge for both the buyers and sellers is all the damn tweets. Following the T-Line Bands can be beneficial when you're trying to follow the trend.
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The I path Series S&P 500 VXX Short Term Futures ETN. VXX remains in a bullish stance, currently constructing a continuation pattern. Above $30.30, $34.25 could be captured.
😊 Have a great trading day - Rick
✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. (long) AMGN, KR, TSN, KO, WMT, (short) CERN,, DHR,CPRT, KMX. Trade smart and wait for the QEP→ (QEP) Quality Entry Patterns). These Trade ideas are not recomendations.
🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.
🎯 Dick Carp: the scanner paid for the year with HES-thank you
🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.
🎯 Bob S: LTA is incredible…. I use it … would not trade without it
🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade: PYPL, TGT, and ZS. Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.
🎯 Friday 6/21/19 (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.
Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.
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