Profit Takers Are Coming Out

Profit takers are coming out in the overall market. Candlesticks patterns and signals are starting to suggest the big bulls are in need for profits, evidence of profit taking can be seen in the SPY, QQQ, DIA, VT, and VTI ETF’s. Candlestick and price action of the SPY suggest the next 2 big numbers are $240.40 followed by $237.60. The Bulls will not likely give in willingly or easy, so we should see minor relief rallies.

Free Trade Idea – UVXY

UVXY (Ultra Vix Short-Term Futures ETF)  Became an HRC-RBB chart pattern yesterday with tremendous profit potential. The 3-day chart is set up for our Pinball Strategy. On the 3-day chart.

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Conditions For The UVXY Trade

• Bullish Harami 3-day chart
• Engulfed Lower and Upper 4-hour Band

From our Members Watchlist

SGMO is up 83.16% from our members only post on March 6, after hitting resistance. 83.16 profit or the piece you may have will look and feel good in your bank account.

Hit and Run Candlesticks Trade Ideas -vs- SPY Last 7 Bars

• CARA +51.32%
• IMGN + 33.20%
• ESPR +27.04%
• VRX +23.61%
• DVAX +20.48%

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.

MEMBERS ONLY

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.