Is there a probability ofprice bouncing to test the T-Line? I would expect so over the next few days; thiswould also set up better short patterns. When I look at the SPY chart, I see fivenew lows in a row which tells me not to chase. Please note a relief rallybounce is only that. After the Bearish T-Line Run, we have had we wouldn’t wantto be chasing.
The SPY posted anotherlow ($249.35) and closed off the highs of ($251.26). The sellers continue to commandthe show. The buyers would have to close over $259.391 to even get a mention.On the weekly chart, the Dotted Duece is at ($247.25), price is only about$2.00 away. The T2122 chart is very oversold, and the 12.3.3 stochastics indicatoris oversold, could we see a bounce? Yes, we could, but it would take buyers, sofollow price action. The best way I have found to follow price is to look athow price action is trending compared to the T-Line.
Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required – https://hitandruncandlesticks.com/trading-rooms/
Long and ShortTrade-Ideas
GE, PANW, YELP, ZTS, MTCH, LULU are on our watchlist for a possible trade today or within the next few days.
GE is our featured trade-idea today as it comes out of a Pinball set up and the bottom it is constructing. We will look at GE when itcloses over $7.95 with a test of support. A stock swing trade to about the50-SMA (14%) or an Options Trade of 30-40% or more. Members log in for moredetails. Past performance does not guarantee future results. Learn how to tradebefore you trade.
For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The focus will be onMr. Powell and the FOMC at 2:00 pm today. Does Powel announce a rate hike today? The words he uses for the future will be just as important, but more importantly is how the market interprets the information given.
No surprise the price action of the SPY is still bearish in relationship to the T-Line and the T-Line, 34-EMA, and 50-SMA are trending lower below the 200-SMA. The candle actionof the last two days has printed a Tweezer Bottom in a possible support area. ATweezer Bottom on support is just a clue in the big picture. Bullish follow-throughis required for any bullish meaning. And support means very little withoutbullish confirmation. Let’s fasten our seatbelts and keep our arms and legsinside the bus, could get crazy today.
Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required – https://hitandruncandlesticks.com/trading-rooms/
Long and ShortTrade-Ideas
AG, FSM, PHM, NEM, AES, USFD, ESRX, AVGO, COP, SEAS are on our watchlist for a possible trade today or within the next few days.
AG is our featured trade-idea today because it alerted an (RBB) RoundedBottom Breakout with a Stock Swing Trade of about 10% or more and an Options Trade of 30% or more. Members log in for more details. Past performance does not guarantee future results.
For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
