Grind up flat action in SPY , even though the close candle wasn’t very inspiring for tomorrow.
If you are swinging long, just be cautious as Tuesday’s candle has that reversal type look. Market is also overbought , some sideways action and pull back wouldn’t be surprising. SPY support is on our short term momentum moving average , 8 EMA on a closing basis. As far as daily chart setup’s , not finding much. Most names are extended and can use some digestion. We are mostly focusing on low float speculative momentum runners of the for day trades. They are offering most ranges out there. Check out HMNY, one of our day trades in chat, We were long and then short on this for huge gains for the day.
So I’ll be focusing more on this type of runners on intraday setups.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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