SPY flushed below key level 50 MA, 207.70 intraday but managed to close above it.
Same goes for QQQ at 200 MA, IWM at 20 MA . Uncertainty still remains , mainly over the Brexit issue next week. Bulls have some ammo going into Wednesday, now that some key levels in the market was defended and market hitting some oversold levels but keep in mind that we saw some fear and panic type of action on Wednesday. So there is possibility of more downside. Bulls need to defend 50 MA or 207 level now and push SPY over 20 MA .We also have FOMC decision on Wednesday, which should create some movement in the market but Brexit issue still remains and market doesn’t like uncertainty. Hit and run trading for us in chat room while market figures out next direction.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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