Finally some volatility in the market.
SPY broke tat uptrend channel and closed below short term momentum indicator 8 EMA. Will be one of those one/two day sell of and done? We don’t know but all eyes will be in 281.22. A break below might try 20 MA. As I wrote in earlier blog, SPY hasn’t had a test of short term moving averages in a while.that scenario is playing out. All healthy correction. Many earning and FOMC tax rate news coming up this week ,so expect some volatility. One day of volatility gave us some nice trades, If you follow me on twitter, SQ, WYNN,WATT.,SHOP, TWTR gave us some nice trades. As a short term active trader, volatility produces great trades than slow grind up.
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.
