“All you need is one pattern to make a living.” Linda Raschke
A month ago the SPX struck 5968.
Yesterday it closed at 5982.
But individual stocks have been ramping in both directions.
It’s a perfect tape for Hit and Run versus buy and hold.
Let’s look a three current Hit and Run setup.
First is Hot IPO CRWV.
CRWV “came out” on Tuesday…meaning it came out of a high level consolidation, a Bull Flag.
An alert was sent on the Hit and Run Private Twitter Feed to go long as it triggered a Rule of 4 Breakout, a breakout over triple tops.
CRWV exploded as it cleared the signal reversal bar on June 11th for a Reversal of a Reversal or what I call a Keyser Soze.
The Combo triggers perpetuated an immediate 9 point explosion.
Underpinning the successful breakout is that CRWV went into the Plus One/Minus Two buy position on June 12.
This is because the 3 Day Chart was up (+1) and then on June 12 two consecutive lower daily lows played out satisfying the Minus Two part of my Swing Method.
From the 33.50 low,1440 degrees up or 4 revs of 360 degrees is
NET was a long swing setup on the June 13 Nightly Report.
We were triggered long on the open at 174.12 the next session.
The setup was a Plus One/Minus Two, Holy Grail.
A Holy Grail is a pullback to the 20 day moving average.
In this case it was the first test of the 20 day ma since a Breakway Gap above it in late April.
A second Breakaway Gap in May produced accelerated momentum.
All trading is contextual.
Not all signals are created equal.
The success of the Monday’s entry was based on the preceding 2 months structure.
WDAY had a massive gap down in late May,
On June 10, 11, 12 it left a Charlie’s Angels sell setup—3 Topping Tails in close proximity on a backtest of its 20 day moving average.
WDAY was a short alert on the Hit and Run Private Twitter Feed following Friday’s Breakaway Gap and break below its 50 day line.
Geopolitics have ignited oil this month.
First USO triggered a ‘continuation’ Rule of 4 Breakout in early June.
Then USO exploded over a declining Tops Line opening the door to a test of key lateral resistance dating back to April 2024.
What’s interesting is that 85 is 270 degrees up from the April 2025 low.
Over 85 opens the door to a full 360 degree move which is 95.
Interestingly 95 aligns with June 26 on the Square of 9 Wheel.
Anyone can get into a trade, the Square of 9 Wheel helps to define the exit.
Square of 9 Wheel
Purchase your own Square of 9 Wheel. Shipping to US only. Contact Jeff for shipping outside the US.
If you can’t measure risk, you can’t manage risk.
Today is Fed Day and given the recent Headline Roulette, we can expect a doozy of an FOMC Cha Cha to play out.