Who Poked the Bear?

✅ As expected price broke through the lower T-Band, now headed from the 50-SMA. The Bearish Engulf on 5/1/2019 poked the bear, and now for the past five days, the bear has, well, being a bear. After the Bearish Engulf, we saw follow-through then a failed high, followed by a lower low and yesterday has now made a lower low. Lower lows and lower highs suggest there are more sellers than buyers. The LTA Scanner 👉 has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop.

💲 The LTA Scanner has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop. 👉1-Will the 50-SMA act as support? If not $282.40 a probable test. 👉2-Will the buyers push price back over the T-Line and into the lower band. Or 👉3- Will price start to dry up and walk sideways? These are a few of the clues in the chart we will be watching.

✅ 💰 Here are a few long and short tickers I am adding to a watchlist for consideration only. Trades may or may not be taken. CVS, I, CNC, F, FSLR, RCII, NWL, KEYS, SEE, XLNX, PANW, W, MAS

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