SPY broke short term support Monday and flushed through to 270 as we expected it would.
Small bounce day Tuesday and SPY closed right on 50 MA. Picture is not clear yet as it is below short term moving averages. Monday’s low needs to hold for now. We finally had some bounce in watch list names like HUYA, IQ, APPN, CBLK. Decent trades via day trading those. I’ll be mostly watching them again to see if they can continue. It can also be dead cat bounce. Keeping open mind for all possibilities here. There is also a possibility for some “End of the quarter window dressings” buying, so keeping an eye on tech leader names like NFLX, NVDA, BZUN ,NTNX,AMZN , TSLA.
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.
Also if you are interested in our day trade alert services and chat room Check them out here.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.
