RDN Breaking Resistance with a Bullish Engulf

RDN Breaking Resistance with a Bullish Engulf

RDN is breaking resistance with a Bullish Engulf into an (RBB) Rounded Bottom Breakout pattern. RDN’s Bullish Engulf started below the T-Line and closed the 34-EMA and 50-SMA into an RBB pattern. The RBB pattern is one of my favorite chart patterns and has contributed a huge amount of profits to the account. With an excellent risk-reward, I am looking forward to trading RDN. We look forward to seeing you in the trading room today. Ever wonder how we do in our trading account? Through May we are up 157%, we are on track to be up over 175% for June in our “Road To Wealth Account” Click Here To See Trading education pays off!

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SPY • T-Line Run In Play

Another buyer controlled day yesterday with price action leading the T-Line. The buyers brought price within .28 cents of our SPY target; it is likely to be tagged today. The next price target will be $280.40 we have raised the support lint to the $274.10 area. Please be reminded not every day is about making money, some days are about preserving what you have made.

VXX – (No change) The Red, the White and Blue indicator is signaling there is no fear in the VXX chart. Price is in a T-Line run down.

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