How Do You Determine A Trend?

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At hit and Run Candlesticks, we focus on Stocks / Simple Directional Options

The market (SPY) How Do You Determine A Trend? First of all, ten traders can have ten different ways to determine a trend, and all ten can be right. (tip) A trend length must match your trading style. We can talk more about that in the trading room. Are your trendlines trending up or down? How about moving averages? I use the T-Line and the 34-EMA, go you your charts and look at the SPY with the T-Line and the 30-EMA, I see the T-Line (a faster-moving average) leading the 34-EMA down (a slower moving average).

Bearish Engulf: Imagine a mountain engulfed in flames. What a sight that would be! When I picture a Bearish Engulfing pattern, I think of that imaginary mountain. Prices are rising upward, creating one half of the mountain, a black candlestick engulfing a white candlestick at the top, and then the inevitable downward movement creating the other half of the mountain. This bearish candlestick pattern is essential for investors to know, and luckily, it’s easy to identify and interpret. We’ve already discussed its bullish brother, the Bullish Engulfing pattern, so today it’s time we gave the Bear its turn. Read More About Bearish Engulfs Click Here

TThe I path Series S&P 500 VXX Short Term Futures ETN. VXX remains in a bullish stance, currently constructing a continuation pattern one we call a Pop Out Of the Box Pattern (needs a couple more candles). Above $30.30, $34.25 could be captured.

😊 Have a great trading day – Rick

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. (short) UPRO, EGHT, EHTH, MCK, AXSM, PAYS. Trade smart and wait for the QEP→ (QEP) Quality Entry Patterns). These Trade ideas are not recomendations.

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Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

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