Fresh new 2016 high in SPY after a dip to 200 MA and bounce.
SPY support now is at 8/20 and 200 MA with resistance at 207.30 and 207.80. As i mentioned in the last post, healthy action the market and we also have end of quarter window dressing season upon us where fund mangers will chase, mark up strong sectors and/or stocks and here we are. Strong action again in commodity names like oil and metals.All back over 20 MA and looks to be heading higher. Pretty much all the chart now looks bullish , so i will be trading what i see and our “go to” names on intraday setups.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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