Slow low volume relief rally as expected after market made a “cute” double bottom on previous low.
As i wrote in the earlier post , I do not think we have seen the bottom yet, however if 181 holds , market might have a short term relief rally. SPY back to that previous support turned resistance 187/187.50 area. Over that area, SPY back into range zone 187-194. Oil double bottom holding for now, financials/banks stock caught a bid on Friday.Our trading theme remain same,some great round trip day trading opportunity out there via (short/long/short) on high beta technology names. We are still “Buy the rip, sell the dip” trading theme until otherwise.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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