• bullish-trade-setups-5-4-15

The bulls looked like they were on a mission this morning only to lose favor midway through the trading session. As it currently stands there is a nice shooting star candle being formed on the $SPY and it is right near the all-time high resistance. So that kind of looks like a repeat of the pattern that we have seen of late, where we hit new all-time highs or close to it and then quickly sell-off thereafter. 

Frustrating for bulls because this market keeps setting up only to lack on the follow through. But you can either be frustrated or wait for the market to present itself a better opportunity to trade off of. 

Nonetheless, here is my bullish list of long setups that I am following right now. Safeguard it and keep it near by because by the end of the day who knows what we’ll all be thinking about the market’s future direction. 

Here’s the bullish list of trade setups:

bullish-trade-setups-5-4-15 

You Might Like

  • Short-term bounce

    The Anatomy of a Short-Term Bounce

  • January Barometer: As January goes, so goes the year.

    January Barometer: As January Goes

  • Losing Trade to Start the New Year

Leave A Comment