Twenty-two days in a row, that’s how many days price action has closed over the T-Line, price action has cut through every obstacle the bears have had. Now price is faced with the 200-SMA hurdle with right price action anything is possible. At the close yesterday, the SPY chart closed with a gap in the morning followed by a fairly tight trading day closing with Doji pinned just under the 200-SMA. The VIX pricked up a few buyers, not enough to panic but we should keep an eye on the price action. IYT and SMA have been in a solid T-Line run, and both are pinned just under the 200-SMA. We remain cautiously bullish above $269.19 on the SPY chart.
Yesterday the Hit and Run Candlesticks “Road To Wealth” Account grabbed another ✅$500.00 or 19% with the SQ trade. ✅The LTA Scanner gave a great alert on X; we are currently up 19%.
2/6/2019 trade-ideas: we are adding the following to our watch list, PCG, DISH, SBUX, WYNN, WY, CZR, UNP. Past performance does not guarantee future results
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton pattern and the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3x8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our training room.
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