WETF Bullish (RBB) Rounded Bottom Breakout

WETF became a bullish (RBB) Rounded Bottom Breakout a few days ago after a breakout of the Inverted Head and Shoulder bottom and a couple of Morning Star Signals. WETF bullish above $8.50, Stop Near $8.22. Price action broke out of the Upper T-Line Reg Line and tested with another bullish Morning Star Signal. The WETF chart has about 18% to the RBB top, with a few good minor profit zones in between.

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Good Trading, Rick, and Trading Team

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SPY • NAFTA Pop

Looks the bulls will pop the market upon NAFTA news today. Dancing in the street, Jubilation let's throw some breeds. Remember to follow our rules; gaps are gifts, never chase, and take some profits into strength. I look like the upper T-Line Reg line will be tested on the DIA’s and the SPY, QQQ’s are already above, and the IWM is still too far away. Today's closing candle will be an important clue on how the market sees the week and the days ahead. A stong candle close would suggest the gap is real; a weak close would suggest the pop was a new excitement pop with a fizzle. Let's follow the clues.

****VXX – Will be gapping down today due to the bullishness in the market.

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