Morning Futures Are Trying To Bounce the Market

(SPY) The morning futures are trying to bounce the market with help from our 4-hour chart $242.90 support line. Yesterday I was asked how we came up with $242.90? I used the 4-hour chart, and the Volatility stops. When I was looking at charts, I noticed the 4-hour chart had a string of Volatility Stop dots, and I laid a line just below.  If you have the Volatility Stops on your chart, you can see how price slipped below, but the closing price stayed above. We remain very cautious.

Free Trade Idea – PLUG

PLUG (Plug Power Inc) Started it’s pattern back on May 18, followed by a lot of indecision then the Bullish Morning Star appeared followed by a PBO.

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.

Conditions For The PLUG Trade

• Bullish Engulf
• 12 days being inside
• Bullish Morning Star
• 3 bar PBO
• Bullish Harami
• Rising
• Swing or swings: 20% Plus

Why Trade With Hit and Run Candlesticks

HMHC is up 29.86% from our members only post on April 10, 2017; Education builds confidence.

300 shares of NVCR was worth $945.00 Yesterday –

Hit and Run Candlesticks movers Yesterday

• OMER 11.84%
• DVAX 9.72%
• IPI 5.48%

What is a Trade Idea Watchlist?

A trade idea watchlist 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 watchlist, we wait until price action meets our conditions for a trade.

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Investing and Trading involve significant financial risk and are 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.