Wild range day in the Market after Fed’s comments about interest rate hike.
SPY still in the trading range but below short term momentum moving average and 8 and 20 MA,giving bears a slight edge If it stays below them,be cautious with long positions. Next support at 50 MA ,214 area. Dip buyers showed up to buy recent momentum names like, ACIA, TWLO and YRD. So I’ll be watching them closely to provide market direction along with biotech names. 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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