Comments on: Swing Trade Ideas 7-12-24 https://rightsideofthechart.com/swing-trade-ideas-7-12-24/ Stock Trading, Investing & Market Analysis Fri, 12 Jul 2024 17:41:18 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jeff Vandenburgh https://rightsideofthechart.com/swing-trade-ideas-7-12-24/#comment-32889 Fri, 12 Jul 2024 17:41:18 +0000 https://rightsideofthechart.com/?p=214609#comment-32889 Forget about that bearish engulfing. SPX just erased yesterday’s bearishness and made a brand new all time high. HYG highest price in two years. IWM highest price in 2.5 years.

]]> By: Imadaytr8r https://rightsideofthechart.com/swing-trade-ideas-7-12-24/#comment-32884 Fri, 12 Jul 2024 17:22:27 +0000 https://rightsideofthechart.com/?p=214609#comment-32884 With all due respect, yesterday‘s “bearish candle” is actually a bearish “engulfing” candle on the SPX! … Hugh difference! Over time, this candle plays out 79% the time. 80% of the time, the next day (today) is a bullish day. So far it’s playing out in textbook fashion. I believe today’s high of 5639.38 would qualify as an ATH (5642.45) double top! Monday then should be a bearish day thus establishing a trend change going forward. We’ll see. Hope this helps. …

I’ll be placing one PUT Butterfly SPX Option for Monday after the close today 15 wide with my center strike 30 points below today’s close. Defined risk $100. Max potential profit $1300

]]> By: jmccallum https://rightsideofthechart.com/swing-trade-ideas-7-12-24/#comment-32882 Fri, 12 Jul 2024 16:26:10 +0000 https://rightsideofthechart.com/?p=214609#comment-32882 NQ perfect 50% retrace of yesterdays decline…… so far

]]> By: jmccallum https://rightsideofthechart.com/swing-trade-ideas-7-12-24/#comment-32881 Fri, 12 Jul 2024 16:10:27 +0000 https://rightsideofthechart.com/?p=214609#comment-32881 Hi Randy,

can you take a look at CMA. i’m in there around 38 from a year ago but i’m tempted to pull the plug on it here.

]]>