Ugly in the market as SPY finally broke the summer long range.
I am not really surprise by this move , if you recall pretty much all the stocks on last blog post was a short setup. It usually rare for me to post or find all short setups, so when that happens it usually means deteriorating market health. Nice downside action on our blog alert names like SHAK ,XON, BIDU,ETSY , FITY and JUNO. If you are day trader or day trading with proper education, this volatile market provides tremendous opportunity for profitable trading as we had another super day in chat shorting TSLA,CLTX ,ACI ,XON and others. As far as setups for tomorrow, slim pickings out there. We have a broken Market now, needs some time for new setups to emerge. I will be watching for more selling at open and then maybe a bounce attempts. So watch list only has three stocks for support buy or bounce play.If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. 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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