Tightening Triangle Wedge

The SPY is trading below the 50-SMA and above the 200-SMA while in a tightening triangle wedge. The recent low-high and higher low has pushed the 50-SMA to a slight rise. Yesterday’s close above $265.00 was a win for the buyers, but danger still lurks with crossing the 50-SMA and our red downtrend line. We still feel caution and patience is the key to success in this crazy market. At the moment we are neither bullish or bearish, we are waiting for the breakout or the breakdown from the tightening triangle wedge.

49 Trade-Ideas Added to The Watchlist

Below you will find 49 that I have added to my watchlist. Some of these trade ideas are ready to fire off now, and some may take a few days. A well-educated swing trader knows what to do. Trading can be very rewarding and extremely risky. Remember all trade ideas are ONLY for your evaluation and consideration.

Symbols from TC2000

APRN, BEAT, AQMS, CDR, AZPN, AXS, KERX, IMMU, V, INSY, HD, PNK, ERX, P, UPS, DNR, ANF, AMZN, LL, AAOI, DRN, MA, CELG, CLNE, GLUU, AXAS, MRO, WTI, CREE, WIX, SOXX, STX, DVN, HAL, BURL, XRT, XLE, VDE, XOP, VRX, XCRA, OIH, EWM, CROX, FIVE, XLU, EL, SMTC, PTN

Event Calendar

30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual

Focus Trading Education

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • 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 • Trade Planning, Fibonacci, Stoch/RSI

To learn more about our trading tools join us in the trading room or consider Private Coaching.

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.

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