Will We See Another Test Of Support?

(SPY) Will we see another test of support? Friday the SPY tested the T-Line and May 25,26, 31 – June 2 support line ($241.75) but the buyers closed us above the T-Line. The QQQ’s took a huge hit Friday well below the T-Line and below the lower T-Line Band. The QQQ’s did find support near the 34-EMA and the Mat 14 support line. I suspect we see a bit more weakness, there for the $241.75 support line will be key to bullishness or more correction.

Free Trade Idea – ACOR

ACOR (Acorda Therapeutics Inc) as found a bottom at $13.80, Bulls have stepped in pushing the Bears out. Price has risen know to a tradable bottom. To learn more about the ACOR chart login to the trading room or what for a trade of the week video.

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Conditions For The ACOR Trade

• RBB Pattern
• Tweezer Bottom
• Near Bullish Engulf
• Bullish Morning Star
• Bullish J-Hook
• Rising
• Over 25% Swing (s) possible

Why Trade With Hit and Run Candlesticks

NVCR is up 21.91% from our members only post on June 1, 2017; Education builds confidence.

300 shares of NVCR was worth $825.00 Friday –

What is a Trade Idea Watchlist?

A trade idea watchlist 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 watchlist, we wait until price action meets our conditions for a trade.

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Investing and Trading involve significant financial risk and are 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.