Choppy, sloppy couple of days in the Market. SPY broke that all important 204 level but Bulls came back and manged to close SPY over that 204.
Bulls or Bears, neither side can’t get any traction going and market still remain stuck on a range. Seems like market not sure which way to go yet. Until the dust settle, game plan remains trading within the range. Buying lower range and selling/shorting upper range with defined risk/rewards. Range bound trading could be frustrating and tricky , so if your not sure what to do just sit out for now, there will always be better times. Our Oil short worked for a bit via DWTI, X, FCX short worked as well for quick day trades. . As far charts , complete mess out there and really slim pickings. Oil’s seems to be holding up well so i picked few oil names for lower range bounce day trades. If you are struggling with your trading or learn how to trade you need to check out our trading courses. 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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