TDOC • Daily Chart • Bullish J-Hook

TDOC • Daily Chart • Bullish J-Hook

TDOC and the Daily chart is forming a Bullish J-Hook continuation pattern with a 2-day chart Bullish Morning Star. Lets back up, and look at the weekly chart. The past seven months the chart has floated sideways (consolidation) and formed a Bullish Morning Star with a mini Inverse Head and Shoulder off the (50-SMA weekly) back to the daily chart- Price broke out and tested, rallied to now form a Bullish J-Hook.

We will discuss the trade in detail in our 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%

 

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Event Calendar

SPY and Price Action

Mr. Powell has spoken, and the SPY closed above the most recent low ($268.62) yesterday. We wake up to see lower premarket trying to test the resent low ($268.62). The decision Bulls need to make today will be to let go and allow the bears to take us to $264.80 or fight for the 50-SMA.

The VXX short-term futures

Keep an eye on the VXX; it can give clues to the amount of fear or lack of fear in the market. The VXX chart closed yesterday with minimal fear, but the pattern is dangerously poised like a snake waiting to strike.

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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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