Nasty rug pull type of day! After such a bug run, a pullback was expected but no news velocity of Thursday’s sell off caught many by surprise. SPY closed above that big 300 area. Bulls want to see this area defended on a closing basis else things might get dicey. After a big down day, if we have another gap down open, I will be looking for a bounce.
Don’t Miss Our Free Chatroom Day! (Limited Space)
Space is filling up for our free chatroom day next week.
Click here to sign up for our free chatroom day
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Get started on the right path to trading success. Get access to our accelerated day or swing trading course with over 20 hours of content, access to our trading chatroom, live market commentary, and much more. Learn what it takes to succeed in the best profession in the world.
Here is the watch list and game plan:
ALT Speculative play. Watching on red to green at open, ideally under 7 and then over 7.
Don’t Miss Our Free Chatroom Day! (Limited Space)
Space is filling up for our free chatroom day next week.
