Decent bounce day in the market after a down open for a change , panic move on some high beta names like AMZN , NFLX and V shaped rally via all sectors.
This type of rally should have some follow through, whether its on Friday or Tuesday but there are many nervous investors and jittery traders so anything is possible in this broken market. I highly doubt it will be “V” shaped rally that have been used to see. Ideally I am hoping for soft open on Friday and continuation move via red to green moves in individual stocks. A gap up open will trickier as people that are holding overnight position might sell into that move. SPY now has support at 191, resistance at 193 and a big one at 195 area. Another great week in our chat via long/short/long on names like AMZN,NFLX, UVXY, and some oil names. Now more than ever, 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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