Great showing by Bulls as they finally close the market over 50MA, first time in 2016.
As discussed on the last post, bulls needed to defend the gap fill and 20 MA, 189.75 area . Here we are , perfect bounce off that gap fill and 20 MA. Market needs to for a follow through move now but given how erratic market has been this year, it wouldn’t be surprising if we don’t see a clean follow through. Chart looks perfect for a push up otherwise but keep an open mind as market approaching top of the range. Simple watch list for Friday, mostly watching names at open for small red to green type of move. It has been a great short term traders market as most stocks have been providing round trip , 2 way trades.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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