From The Right Edge, Simple Trade Setups, Stalk Candidates, TrInvesting™

A Simple Swing Trade Call As of 3 June 2016

TQQQ looks poised to make a break in 1 direction or the other.

The daily looks like price is literally splitting the difference and could go either way…

simple swing trading

 

But the weekly on the other hand…

suggests price is likely to resume its upward trek in short order.

TQQQ W 3 June 2016

I like a long here around $104 with an initial stop loss of  $99.10.

If price makes it down as far as $89, long stalks should be abandoned for now.

Hope it helps.

KIS,

The Trader

 

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