Range bound action continues in the market after SPY closed above range low.
Nothing new to report as far as SPY chart. paused at 1 st resistance 50 MA. 102.78 is the support and resistance at 50 MA 206 and 20 MA, 206.50 and major resistance at 208.54. Range bound hit and run round trip( long and short same stocks) trading in between. Game plan remains trading within the range. Buying lower range and selling/shorting upper range with defined risk/rewards.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.
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