SM – T-Line Run With A Bullish Continuation Pattern

SM (SM Energy Co), The SM Chart, has presented us with a Rounded Bottom Breakout setup that has a T-Line run and has now a continuation pattern. The continuation pattern is the “W” pattern and J-Hook pattern. Both are bullish. Trade with us • Learn with us • Profit with us • Or keep doing what you’re doing, up to you?

►Starting at 9:10 EST every morning we cover:

How to trade each HRC trade idea with entry, stop and profit zones. Answer questions to help you succeed in trading.

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Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

►Trade Updates for Hit and Run Candlesticks

Friday we closed out the second 1/2 of (I) for a cool 20% PLUS profit

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► Ticker (SEDC) – You could have profited about 120% or about $1610.00, If 100 shares when we posted to our members on February 14.

► Eyes On The Market (SPY)

Last week the bulls maintained it’s Bullish status and held into the close Friday. A new trading week starts today with $253.90 as the divide between total the trending Bull or the Bull that’s taking on a few Bears. Taking on to many Bears below $253.90 would likely result in a test $252.50.

The 4wk New High/Low Ratio T2122 is looking a bit heavy; the question is can the Bulls hold it up?

Rick’s trade ideas for the day – MEMBERS ONLY

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Investing and Trading involves significant financial risk and is 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.