The SPY Has Rallied From $252.92

by

The SPY Has Rallied From $252.92

The SPY has rallied from $252.92 back to the 50-SMA where it will decide who takes control, the Bulls or the Bears and maybe even both with a sideways move. The market on a weekly chart SPY, DIA, QQQ’s, IWM it is still in a bullish trend. Switch to a daily chart, and we see the struggle. The daily chart is in the Blue Ice Failure trap and needs the buyers to come to this party, or a retest of the recent test is in the cards. If the buyers show up, then we will see constructive consolidation and a bull move.

A little of the recent fear has dried up causing the VXX to pull back to the 200-SMA. The close yesterday was also at prior support, be sure there are plenty of traders watching ready to jump in if the fear starts to heat up again.

►HRC Recent and Current Trades

  • Recently closed – VIPS 118%  • VXX 375% • TWTR 180% • QQQ 179% • QQQ 28%
  • Current holdings – SKX • TWTR

►Up Coming  Events  Click Here

  • RWO public Saturday event
  • TradeHawk Tuesday afternoon event
  • HRC member Thursday Night event
  • Trader Vision 20/20 Wednesday event
  • Trader Vision 20/20 Thursday event
  • Professional Traders Summit Saturday event
  • Look Ahead Sunday night event
  • To see all events Click Here

►Hit and Run Candlesticks • Right Way Options • Trader Vision

We hear from our members every day how we have helped their trading through education. We don’t just post trades for you we teach you about the trade as well. There is always that person that just wants the stock pick and thinks they’re going to trade it for profit and success “Bull Crap” how’s that been working out?

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trends • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Continuation Patterns • Trade Planning.

Rick’s Swing Trade ideas

Member Login – Full Daily List

[button_1 text=”Take%20Control%20%E2%80%A2%20Learn%20to%20Pay%20Yourself%20More%20″ text_size=”32″ text_color=”#000000″ text_bold=”Y” text_letter_spacing=”0″ subtext_panel=”Y” subtext=”Get%20Started%20Now” subtext_size=”18″ subtext_color=”#f90b0b” subtext_bold=”Y” subtext_letter_spacing=”0″ text_shadow_panel=”N” styling_width=”40″ styling_height=”30″ styling_border_color=”#000000″ styling_border_size=”1″ styling_border_radius=”6″ styling_border_opacity=”100″ styling_gradient_start_color=”#2ed632″ styling_gradient_end_color=”#2ed632″ drop_shadow_panel=”N” inset_shadow_panel=”N” align=”center” href=”https://hitandruncandlesticks.com/become-a-member/” new_window=”Y”/]

 

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Continuation Patterns

 

Investing and Trading involve significant financial risk and is 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.

*************************************************************************************

 

Comments are closed.