T-Line Held Strong for the SPY’s Rough Day
(SPY) The SPY had a troublesome start for most of the day, but the T-Line held strong for the SPY’s Rough Day. The Bulls still outnumber the Bears and the open looks modest, of course, I am writing this before the ADP numbers post And tomorrow we have jobs numbers.
Yesterday I mentioned the 23.6 Fibonacci number and while Fib lines are not a perfect indicator for trading yesterday’s low came within pennies of the 23.6 Fib line.
FREE TRADE IDEA – HTZ
HTZ Hertz Global Holdings has been in a downtrend for some time and may be ready for a Double Digit relief rally.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn
Conditions and Reasons to Trade HTZ
- Pinball Setup
- Downtrend
- Double bottom
- Hammer
- Bullish Engulf
- Over 20% possible
TDOC is up 40.65% from our members only post on February 28, 2017. We are about the education.
200 shares of TDOC was worth $1750.00 yesterday –
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 15 days for example. From that watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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