Nice follow through by the bulls after couple of days off digestion action.
SPY bounced yet again short term momentum 8 day moving average and made another 2016 high. Next resistance 207.79 followed by 208.48. Support now at 8 EMA , followed by 20 MA. Strong action continues in individual stocks as every little dip has been bought lately. So bias is long since trend has been so strong 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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