SPY back over short term momentum indicator 8 EMA.
Impressive action in overall market, sector rotation mode still in full force as we saw on Friday, flat fay on SPY , Technology .QQQ had a red day but small cap index IWM had a nicely green day with up 1.5% so is the energy sector XLE with . Bulls are in full control so far and will be as money move from sectors to sector. SPY short term support now below 8 ema, 208 area followed by 20 MA 206.50 zone.If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies. I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition. The class is one of a kind, see why you should sign up for the course here . You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders. You can also check out the testimonials from our students.
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