Typical 1st tap 50 MA fade in SPY as expected.
We have our self a range bound market now with 50 MA resistance and 20 MA support. Pullback Tuesday ,fill the gap from Monday. Short term 192.18 needs to hold, if it doesn’t next stop is the next gap fill and 20 MA 189.75 area. Bulls needs to defend that area else it might start another bear trend. Our range bound game plan via buying low of the range and sell/shorting on the top of the range is still in play. NFLX, AMZN ,APC,FB lower range long plays from previous blog worked well Monday and Tuesday we are busy shorting them on top of the range. Good times continues in the chat room as we keep on hitting record profits from real time trade alerts.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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