Weak over sold bounce attempt in the market after short term technical breakdown.
Market is in waiting mode for the result of health care bill. It’s not that the health care bill matter much but the outcome is a testimony of Trump’s ability to get the other deals, like Tax cut done. SPY still in bearish zone under both 9 and 20 MA with support at 233 and then at 50MA. Although, if market gets weak, I have a feeling it might not hold. If there is a bounce , it has some overhead resistance now at 237 area. Some decent day trading opportunity with watch list names , like GS, BLUE and CLVS. We are in hit and run trading mode, taking profit quickly. If the health care bill passes Friday, bulls might try push the market higher. If not, there should be some volatility.
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.
