Choppy, trend less action in Market.
SPY doesn’t have much energy to close above 50 MA as it was rejected again today. It seems Market is waiting on Federal Reserve interest rate decision next week before making any moves. Hopefully market will have a resolution soon. Leader stocks like AMZN,NFLX, GOOG are in do or die zone so I will be keeping an eye on them. If this chop continues , be careful trading out there. This type of chop tends to destroy accounts. Make sure to read my post on how to trade based on various Market’s Trends. Another great weak for us in chat room trading oversold oil names. We have been only trading few hours at open and chill rest of the day.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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