Grinding action continues in the market.
SPY grinding up over 8 EMA momentum moving averages. Support at 8 and 200 MA followed by 20 MA. However, it wont be surprising to see a quick pull to 20 and/or 200 MA. Not anticipating but something to keep in mind. Decent trading action in many individual stocks even on slow action in broader indices. Hard to find decent long setups at this stage of the rally , at the same time it is difficult to short a slow grind up market. So i am keeping my trades quick and easy until there are some volatility.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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