Sellers Were Able To Keep The Ball Below The Upper Bullish T-Line Band

(SPY) The sellers were able to keep the ball below the upper Bullish T-Line Band, and the buyers were able to the ball above the lower Bearish T-Line Band. The short term battle is heating up between the Bulls and Bears with a winner trying to emerge, (we know from experience it’s the short term battles that lead to the longer term win). The Bearish Engulf on the 3-day chart still has the Bull under pursuer for the short term, if the Bearish Engulf can drive price below $242.63 June, 16 low is support for the Bears will have taken a minor point. Overall in the big picture, we remain Bullish

It’s Friday – No Trade Idea

Here at Hit and Run Candlesticks, we feel it’s important to slow things down on Fridays, take profits, reflect on your weeks trading, (winners and losers). How and what can we do to improve.

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.

Topic Charts For Members Yesterday

• VRX
• NVCR
• DVAX
• SEDG
• ALNY

Why Trade With Hit and Run Candlesticks

VRX is up 60.46% from our members only post on May 2, 2017; and a nice %13.30 move yesterday, we banked ½ the profits.

Hit and Run Candlesticks Movers Yesterday

• VRX 13.30%
• SPWR 13.15%
• SGMO 12.88% 

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.