Red day in the market after Bulls failed to breakout to the upside form the range. Not much damage to the chart though.
Dip buyers showed on a test to 20 MA and SPY closed back into the range. 1st support now on 20 MA 215.33 and secondary support on 214.57. Bulls took a shot for breakout on Monday and failed , bears got their chance on Tuesday for breakdown , at the end of the day,and here we are stuck in the middle of the range again. Pockets of strength on few individual small cap names and earning related stocks for quick hit and run trading. We are still trading those names 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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