UAA Bullish Above $20.80, Stop $20.30 Price Action Bullish Morning Star T-Line Regression

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UAA Bullish Above $20.80, Stop $20.30

UAA bullish above $20.80, Stop Near $20.30 UAA daily chart price action – Bullish Morning Star, pop over the T-Line Regression Lines and five a month downtrend line breakout, support and rest with a Billish Engulf yesterday. UAA weekly chart price action – (RBB) Rounded Bottom Breakout, test the Dotted Duece, PBO to the 50-SMA, Bullish Engulf with Doji Continuation over the downtrend line. UAA is looking like a 16% stock trade to the June highs with profit zones along the way. The option trade could be in the 80-100% area.

 

 

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SPY 

The SPY tested our Lower T-Line Regression Line yesterday and held only by skin. The V-Stop and price action is suggesting we see a bit more weakness. Too much weakness and we could see the $288.15 and $286.40 areas which would be a test of the January highs.

****VXX – Tuesday the VXX painted a Bullish Engulf and yesterday the paint continued with bullish follow through.  At this rate, we might see price action reach for the T-Line Regression Lines, over the green one and we better buckle up.

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