Flat day after the big gap down. Bulls could not pull a decent bounce and not much of a follow through by the Bears either.
SPY so far holding above that psychological 200 area. It it holds up, it could go for that gap fill to 204 area. So, it is good to have few beaten up leader names on your watch if market catches a bounce. If breaks down 200, we should see some panic selling again. Choppy/muddy waters out there, so be quick in your trading, that means no chasing and be cautious about crowded horizontal breakout plays and take gains fast.If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. 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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