Another battle day in the market for bulls and bears.
SPY broke down below 200 MA , causing trigger of many stops. Just when things looked bleak, algo’s went to work, squeezing bears. Range still lives on and I have a feeling market might get stuck in this range for a while. We are on hit and run trading mode and mostly trading earning related stocks. . Few alerts like AAOI, CASI, CASA , BEAT worked well even with this choppy market. So look for quick trading opportunities both long and short and stay nimble.
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