Wild couple of days in the market. Some panic selling on Thursday morning after 20 MA failed bounce move on SPY on Wednesday.
However, after six days off selling and on an oversold market, Bulls came back and defended SPY right at that trend line.SPY now needs to have a follow through and close over 20 MA and needs to hold that key level 50 MA 207.80 area. A break below 50 MA gain should bring some panic again. Uncertainty still remains , mainly over the Brexit issue next week. So things might stay choppy. We also have quadruple witching option expiration on Friday, might be some game and drama, so be careful out there. We are still on hit and run trade mode in the chat room and will stay that until otherwise.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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