The SPY is Painting a Bullish W Pattern on the 3-Day Chart
With the help of the French election the SPY is painting a Bullish W Pattern (clearly seen on the 3-day chart), follow through is needed. Yesterday price also closed over the 50-SMA and the upper T-Line Band. And the closing price $237.17 in also back above the cloud.
The battle is not over; A bull-Bear winner has not stepped forward.
FREE Trade Idea – SEDG
SEDG – A Rounded Bottom Breakout Strategy, broke out above the 200-SMA setting up for a Bullish J-Hook Breakout. 3-day chart pictures a beautiful Morning Star that launch price back above the upper T-Line Band.
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Charts to Learn From – IMGN
IMGN – Following my post to our subscribers that IMGN was likely to move higher in the coming weeks, it moved 97% higher and is now showing signs of even moving higher from its current breakout. Note the Doji Continuation Pattern
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What is a Trade Idea Watch List?
A trade idea watch list 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 30 days for example.
From that watchlist, we wait until price action meets our conditions for a trade.
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