Probability of A Bounce?

Is there a probability ofprice bouncing to test the T-Line? I would expect so over the next few days; thiswould also set up better short patterns. When I look at the SPY chart, I see fivenew lows in a row which tells me not to chase. Please note a relief rallybounce is only that. After the Bearish T-Line Run, we have had we wouldn’t wantto be chasing.

The SPY posted anotherlow ($249.35) and closed off the highs of ($251.26). The sellers continue to commandthe show. The buyers would have to close over $259.391 to even get a mention.On the weekly chart, the Dotted Duece is at ($247.25), price is only about$2.00 away. The T2122 chart is very oversold, and the 12.3.3 stochastics indicatoris oversold, could we see a bounce? Yes, we could, but it would take buyers, sofollow price action. The best way I have found to follow price is to look athow price action is trending compared to the T-Line.

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Long and ShortTrade-Ideas

GE, PANW, YELP, ZTS, MTCH, LULU are on our watchlist for a possible trade today or within the next few days.

GE is our featured trade-idea today as it comes out of a Pinball set up and the bottom it is constructing. We will look at GE when itcloses over $7.95 with a test of support. A stock swing trade to about the50-SMA (14%) or an Options Trade of 30-40% or more. Members log in for moredetails. Past performance does not guarantee future results. Learn how to tradebefore you trade.

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

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