Volatility is finally back in the Market. Monday we saw nice rally after support held in SPY along with many other stocks including some of the ones from watch list.. Rally was short lived with a gap down open on Tuesday.
SPY in the middle of the range now with 50 MA resistance and Friday’s low 212.30 as support. If it bases in between, that will basically develop in to a bear flag unless it goes over 50 MA.. Tricky spot we are in right now .So be careful out there. If market become range bound here, trading might be choppy. Watch list bounce ideas like AMZN, SINA, TWLO. ACIA worked well on Monday and you could basically flip and short them on Tuesday. Beauty of active treading in volatile market!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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