ERI Found a Bottom?

After consolidation and pulling back to the 50-SMA ERI found a bottom. With 7% rally yesterday the buyers may be ready to push to the next level.  I yes a trending chart with several candlestick and chart pattern clues. Such as Bullish Morning Star, Bullish Engulf, T-Line Low and V-Stop support. ERI is our featured trade idea for your consideration.

To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success. Today At 9:10 AM ET. We will demonstrate live how ERI could be traded using our Simple Proven Swing Trade Tools

► Learn the Power Of Simple Trading Techniques

On November 8, Rick shared CVRR as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 29.7% or $380.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning… Learn More

► Eyes On The Market (SPY)

We have ended January with price closing below the T-Line trend and above the T-Line Low trend. So far the sellers have just created a little profit taking. A close is low the $279.60 support area would put a very different spin on the SPY. When I look at the 3 and 5-day charts, I see that price is still holding above the T-Line High Band which suggest the bulls are still in charge just simply resting.

►The VXX short-term futures

Closed with a Doji Continuation pattern yesterday above the T-Line High Band. The VXX chart is also in an (RBB) Rounded Bottom Breakout Pattern with our strategy target still 20-40% away.

Rick’s Swing Trade ideas

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Investing and Trading involve 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.

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