Futures are up, and $287 is becoming more of a reality on the SPY. Tuesday was a day of rest for the market while Monday was a huge bull day. The wall of worry is still intact as price slowly crawls higher. If we don’t micromanage the hard right edge and every little blip the wall is easier to climb. The trend can be one of the best tools in your toolbox; the trend keeps price action honest and helps traders decide if the chart has gone from good to bad or bad to good. Two important tools after the alert system I use is Price Action (Candlesticks) and Trend. With the T2122 chart in the overbought area, we are cautiously bullish and always remind ourselves to look for the base hits by profiting into strength.
HRC Road To Wealth Mentoring
Mentoring with Rick Saddler: The Road to Trading Wealth can take several different paths; it’s important to find what works for you. The Trend, Price Action, Candlesticks, Chart patterns, Support and Resistance, and Strategies is the map we use to stay on the Road To Trading Wealth. Patterns and Strategies such as The Rounded Bottom breakout, The Continuation Pattern, Trending, T-Line Bands, and the Red Green Strategies are a few of our favorites. Patterns like J-Hooks, Pop Out of The Box, The Oreo, The Fig Newton, Candlesticks are some of our favorite patterns. Read More
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