SPY finally broke down the range after braking the trend line and 100 MA support.
After a big down day on Monday, not an impressive bounce Tuesday, If 205.28 goes , we are looking at a fast flush to 200 MA. Even if SPY has bounce there will overhead resistance at old 100 MA then 50 MA. SPY now in bear territory so be careful out there with break out plays. Might be slow holiday range bound action this week but a test of 200 MA seems most likely . 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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