Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
CWEI Long | Bull Kicker | Rectangle Breakout

No Trader Vision chart today.
CWEI Long above 92.55
Stop < 84.00
Target area 141.25

Good Morning, Profit Traders,

SPY headed higher –– It would appear the market has decided or knows the election outcome with the way the futures are up.
There are a few resistant areas that the SPY will need to get through. $212.25 represents a double bottom made in September and October, then about $214.60. I would almost bet this is a relief rally and a proper reversal pattern needs to be created.
Please keep in mind, if today’s move remains bullish as the futures are indicating, it does not mean the larger bear pattern has been corrected.

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