Nice exit today on the $V trade got a $1.25 out of it off a HPS zone and the exit defined by the pattern. It is still good 60 min is setup perfectly it should move higher.
Charts showing a nice chance for a pullback next week in S&P 500 (Great Info) Last weeks rising wedge broke down to give us a nice profit in the VXX and the 60 min had once again called the bottom, and we bounced nice from there but I am seeing some indications of more weakness ahead. NOTE: if this this weak pattern confirms itself with a break down then I would consider patterns to be subject to failure and I will look at a case by case scenario on the longs I am holding. As of right now the 60 is close to being oversold and we could easily continue to move higher. I will take off the VXX on a move back up above 1991 on the SPX. Even before if the market looks strong. The Longs are set up nice so business as usual with those wai t- strike-and-take profits. $EAT is one of 3 Best Bets and the stocks on this list are in some of the best zones I've seen in a long time.