SPY Navigating Rough Sea’s

The SPY is still having a tough time navigating the rough seas around the $280.00 - $282.00 area. The reason may be the bears are trying to build a right shoulder to go along with the head and left shoulder (Weekly Chart). While the possible right should is in construction, we will see price action chop around, and this will test the best of traders. Having a handle on the trend and price action within the trend is a huge advantage for the active swing trader. Yesterday’s price action closed above the T-Line, and the T-Line is tracking above the 17ema and the 34ema, other than yesterday’s candle controlled by the sellers the current trend is still bullish. The price action and the health of the current trend will determine the outcome of the possible right shoulder. Tools of a good swing trader might include a strong understanding of chart patterns, trends and trend lines, support and resistance and the all-important price action.

Team News

Member LTA Live Scanner Discount Code: Can be found on the member's login page down toward the bottom. A 34% savings!

Trade-Ideas for considerations: Long - RDFN, RIOT, COTY, FL, MRK. Short - UNP, IRBT, BBT. Past performance does not guarantee future results.

50% Discount Available: Hit and Run CandlesticksRight Way Options • Use Promo Code: SAVE50

Live Trading Alerts News

Testimonial

Took 20% on WIX puts! Thank you LTA- Live Trading Alerts

Jerry G.

Testimonial

I have hit for over $300 this morning using your LTA scanner, I think I have found my niche!

Coach B.

Save time reviewing hundreds of charts. ✅Find EXACTLY the right set up by being alerted for only those tickers that qualify.  ✅Stop "Chasing trades" by being alerted of the move (not finding out later.) ✅Eliminate "trouble pulling the trigger" (be sure when a ticker is moving.) ✅Stop "leaving money on the table" (manage your exits with lower-time alerts.) Stop "Predicting" by trading alerts that show the turn, not forecast it. ✅Stop ignoring the overall market (by watching alerts on DIA, SPY, IWM, QQQ.)  ✅Gain massive efficiency over flipping through charts (hoping to find them at just the right time) or waiting on someone to feed you trade ideas.

Rick's Favorite Charting Software

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Comments are closed.

Skip to toolbar