Market had the look of parabolic move, finally a rug pull, not surprising given how frothy many stocks has become. SPY holds 20 MA, QQQ not there yet, ideally another pull to 20 MA ,282-280 area would be good for a relief bounce. Slim pickings as far as watch list, one day of selling doesn’t change the trend. Action coming days will paint a clearer picture.
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:
Early-Bird Pricing Ends Tomorrow
Learn all the day trading strategies we’ve been using for 2 decades in our Live Stock Trading Bootcamp. Limited seating, space will up fast.