VIX Closed With A Doji

The COBE Market Volatility Index “VIX” closed with a Doji on the 34-EMA yesterday and with the previous day’s candle, we have a Bearish Doji Continuation Pattern. With a close below the 34-SMA and follow-through price action may want to test the $20.40 area or the 34-EMA on the 3-day chart.

On the daily SPY chart, you can see the relief rally from the Bullish Morning Start in late December, a nice rally until a little resistance. As of yesterdays close the last four candles have been a bullish pullback working on a “Lower Low.”

A close today or the very near future over $252.75 would set up a “Low/High-Higher Low/ Higher High chart pattern, also called a continuation pattern. Of Course, a close below $245.25 would suggest the sellers are stronger than the buyers.

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Right Way Options Room UpdateThe RWO trading room is now open all day to share ideas and watchlist suggestions. Watch Doug as he prepares and explains his trades. Learn More about Right Way Options – Click Here

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Day Trading Room Update – The Top Gun Trading room began the new year with some decent trades up over $300 while risking only $100 per trade. Our latest trades include:

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The Road to Wealth • Inner Circle January of 2018, Rick decided to open a small $5,000.00 trading account to show small and large account traders can make a difference in the financial future.
For 2019 Rick plans on taking the now $23,567.00 account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018.

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For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement!

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