Small down day in the market after a run to top of the range in a range bound market.
As i wrote on last blog, market needs a follow through move now but given how erratic market has been this year, it wouldn’t be surprising if we don’t see a clean follow through. SPY short term support on 50 MA 194.33 and a major support on 20 MA 190 .60 area with resistance on 196.68 and a major one at 200. It has been a great day traders market as most stocks have been providing round trip , 2 way trades.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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