Love The Job Of Trading

You have to love the job of trading, one day like yesterday the SPY closes the day with a bear controlled candle, then you wake up the next day, and the futures look as if the bulls are going to have a great day. (Love the job of trading). Yesterday the SPY closed with a Doji using the 34-ema as the moving average support, so far so good but the price action today will need to show that the Bulls have staying power. Yesterday’s Doji also closed right at the Lower Red T-Band. (See chart). It is clearly obvious the SPY struggles to keep even one leg over the $280ish wall. With the VIX showing Bullish activity and the DIA’s and IWM showing weakness, this market is filled with sharks circling looking for dinner. Cash is a good position sometimes when there is a lack of clarity, but if you are trading use the trends, price action (Candlesticks), proven patterns and strategies.

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DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

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