Bulls Were Able To Close Price With A Hammer Keeping Them Above Water

Bulls Were Able To Close Price With A Hammer Keeping Them Above Water

(SPY) Friday cracked our $241.90 line, but the Bulls were able to close price with a Hammer keeping them above water. I think we all should be aware that the 3-day chart on the SPY is supporting a Bearish Engulf, which means the Bulls needs to reclaim $244.10. Many Bullish charts remain intact and look strong with the normal pause and a routine break. A key to successful swing trading is knowing when to be patient and how to manage a chart.

Free Trade Idea – HIIQ

Free Trade Idea - HIIQHIIQ (Health Insurance Innovations) Broke out Friday on a Bullish Morning Star Signal. Up to the Morning Star signal, HIIQ has seen a bullish run with a pullback to the 34-ema.

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Conditions For The HIIQ Trade

  • Higher Lows and Higher Highs
  • Bullish J-Hook set up
  • 3-Day Morning Star
  • Swing or swings: 25% Plus

 

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Hit and Run Candlesticks Movers Friday

  • PI +19.11%
  • HIIQ +12.90%
  • VHC +10.11%

 

What is a Trade Idea Watchlist?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.

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Investing and Trading involve significant financial risk and are not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

 

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