VRS Blue Ice Short Setup Short on price action below $28.57

VRS Blue Ice Short Setup

VRS is presenting us with a Blue Ice Failure Pattern the Dredded Bearish “h” pattern and the V-Stop. VRS has been trending up and started to show signs of fatigue early October. The early October weekly Evening Star pushed price below the V-Stop and to the 50-SMA where price tested and even tried to become bullish again; the sellers did not see that way. Price has closed below the 50-SMA. Short on price action below $28.57.

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Good Trading, Rick, and Trading Team

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SPY • Squeezed Like a Lemon

2018 gains have been squeezed out of the market like you would squeeze a lemon! Yesterday the SPY (S&P-500) printed another new low squeezing all the gains out of the market but I am very happy to report Hit and Run Candlesticks is up over 350% and members have reported positive numbers as well! I truly believe the key has been strong education and the power of respecting the trend and price action. I ended yesterday closer to cash because of is a way to volatile. The trend is down but we are very oversold, and a relief rally is near. When I see a clear dominate trade, I will take it another wise I will stay cautious.

Yesterdays low $264.70 is the new mark for the bulls to defend and $274.95 is a number the bulls need to capture, followed by $278.25.

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****VXX – The VXX will pop over the 200-SMA today, for those of us in this trade remember you profiting rules.

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Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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