Trend up and rally day in the Market as Bulls are still following through on a “V” shape rally. SPY still has some room on top to old 100 MA /50 MA and trend line resistance.
At this stage of the rally , it is very difficult to initiate new long position as risk/reward ratio is diminishing. I will be looking to initiate some short position intraday on if there is good risk/reward . Bulls had a great run so far , ideally a retest of 200 MA and gap fill would be healthier for a new base creation. Modest day in chat room with official alerts gaining $1674 for the days.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.
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