Doji Close In The Resistance Zone

(SPY) –  Yesterday was the fourth day for higher closes in the SPY and yesterday’s close was a Doji close in the resistance zone of recent highs. Traders around the world are wondering if the Bulls can push price out of the nearly 5-month channel.

On the daily chart yesterday’s Doji closed above the T-Line and the upper T-Line Band, the 30-minuite chart is showing a slight pull back into the caution zone of the band and a huge warning below $239.70

Free Trade Idea – SGMO

SGMO Has been trending up and broke out on May 11, 2017. Since the breakout SGMO has consolidated holding its ground at the T-Line and above the band. Yesterday’s Bullish Engulf coming off volatility support could be the clue we need to put a plan in place.

Plan your trade and trade your plan, how many times have you heard this?

Did You Know

IAC closed yesterday up 36% from the April 5th post we made to our subscribers?  Did you get your slice of the pie?

100 shares on IAC was worth $2750 yesterday

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What is a Trade Idea Watch List?

A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.

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