Swing Trading Set-Ups.
Below are Swing Trades On Watch This Week (in addition to the others in recent reporting) BITCOIN (BTC, XBTUSD), GERMANY ETF (EWG), ALLERGAN (AGN), JETBLUE (JBLU), SPDR S&P 500 (SPY).
BITCOIN ($BTC, $XBTUSD, $XB_F)
We alerted the bottom long trade on Bitcoin Jan 30, 2019 at $3449.50 and it has now successfully cleared a number of areas of resistance on the model below – it traded as high as $9442.00 this weekend.
At each area of resistance we trim our long swing position in to the resistance and add above.
Trade has now hit a key area of resistance on the model (the trading box), this is typically considerable resistance. Up and over this area look to trade being range bound within the trading box until it breaks up or down from the trading box.
The move is obviously very bullish and following our trend trajectory near perfect from previous alerts and posts.
“Reasons we bot Bitcoin $BTC at bottom – luck, TA but mostly rumor of Zuck Coin $FB #cryptocurrency . Theory, if Fed gonna allow Zuck they likely take invisible hand off BTC price & not tarnish crypto fwd. Also why we’re coding crypto machine trade after oil #OOTT (90 days out).”
Reasons we bot Bitcoin $BTC at bottom – luck, TA but mostly rumor of Zuck Coin $FB #cryptocurrency . Theory, if Fed gonna allow Zuck they likely take invisible hand off BTC price & not tarnish crypto fwd. Also why we're coding crypto machine trade after oil #OOTT (90 days out). pic.twitter.com/jgBeuEnlJY
— Curtis Melonopoly (@curtmelonopoly) June 14, 2019
Anonymous Analyst That Predicted Bitcoin’s Price Surge Says It Could Reach $16,000 #swingtrading $BTC $XBTUSD https://usethebitcoin.com/anonymous-analyst-that-predicted-bitcoins-price-surge-says-it-could-reach-16000/
BITCOIN (BTC, XBTUSD) hit key resistance in trade this weekend, trim in to and add above for your swing trade. $BTC #swingtrading
GERMANY ETF (EWG) and VGK, EZU.
This could be a nice trend trade if the bulls continue the bounce from recent and get up over the 200 MA on the weekly charting. It is a touch and go scenario and would have to be managed closely because a break-down could be considerable in my opinion.
If the signal on this set up triggers a long trade alert I will likely model the charting for specific areas of trade entries, exits, trims and adds – key resistance and support areas and time cycles to watch. We do not at current have a model for this instrument of trade.
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand? – Market Realist #swingtrading $EWG $VGK $EZU https://marketrealist.com/2019/03/mario-draghi-is-another-whatever-it-takes-moment-at-hand/?utm_source=yahoo&utm_medium=feed&yptr=yahoo
— Swing Trading (@swingtrading_ct) June 16, 2019
GERMANY ETF (EWG) above 200 MA on weekly is a long for a possible trend trade in channel. On watch. $EWG #swingtrade
ALLERGAN (AGN) After significant sell-off this looks ready for a bounce near key over sold support now $AGN #swingtrade
The area of support just below trade (see white arrow) looks to be a key area that is likely to find support and bounce. If it does bounce then I see three areas of key snap back for bullish trade. A general trajectory of trade possible in a bullish scenario is included below with 3 white arrows. We will see how trade near term is, but I like it for a bounce to at least the first price target (first white uptrending arrow).
7 Stocks Ripe for M&A as Trade War Pushes Market Off Record Highs https://www.investopedia.com/7-stocks-ripe-for-m-and-a-as-trade-war-pushes-market-off-record-highs-4689910?utm_source=twitter&utm_medium=social&utm_campaign=shareurlbuttons
Companies to watch: McDonald’s gets upgraded, JetBlue in buyback deal, Apple CEO meets Trump $JBLU $AAPL $MCD #swingtrading https://finance.yahoo.com/news/companies-to-watch-mcd-jblu-aapl-fcau-145511692.html?soc_src=social-sh&soc_trk=tw
JETBLUE (JBLU) Over 200 MA on weekly chart I will look to 22.00 then a move to 27.00. #swingtrading $JBLU
I really like this structured set-up, it does however need to get above and hold the 200 MA on weekly. You could trade it on a lower time-frame (such as daily), but considering where the markets are right now with Fed on deck and time cycle completion, I am playing safe until we’re over the hump of this time cycle inflection. I’ll get much more aggressive over the next week or two.
SPY SPDR S&P 500 (SPY)
SP500 (SPY) With time cycle completions behind us and the Fed on deck, expect a big move $SPY $ES_F $SPXL $SPXS #SwingTrade
We’re expecting a significant move with time cycle peaks on large time frames now in our rear view mirror (officially completely in the review view mirror at end of this week, allowing for a week either way of peak).
The two arrows representing large moves, one scenario up and one scenario down are on watch for the S&P 500. If you have access to our Volatility charting you want to consider it in your trade. The SPY chart also includes the model for structured trade and most considerable are the areas of support and resistance (marked with a series of arrows) and the TL support and resistance areas in red.
There is more SPY model charting in process right now with Jen back testing some newer models on other time frames FYI.
The Fed may break a lot of stock-market investors’ hearts this week https://on.mktw.net/2KkLBOG
The Fed may break a lot of stock-market investors’ hearts this week https://t.co/VuBFrBqjfF
— Compound Trading (@CompoundTrading) June 16, 2019
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Article Topics; Swing Trading, Set Ups, Strategies, BITCOIN (BTC, XBTUSD), GERMANY ETF (EWG), ALLERGAN (AGN), JETBLUE (JBLU), SPDR S&P 500 (SPY)