Sell off day in market , however SPY managed to defend 50 SMA and closed off the lows. Weakest small cap index, IWM getting a bit oversold so a short term bounce could be a possibility. We will be sticking to our usual go to name like WDAY,DATA,YELP, YY, they can be all played either …
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Quick Summary SPY’s bearish evening doji star continues it’s textbook short setup. Also a trend within trend long bounce trade setup. Entered GDP and UA long today, along with short term SPY long bounce trade. Still holding half of SPY short. Many stocks pulling back close to entry points. Some leaders showing strong short term …