Reversal day in the Market after nice 3 day run from 20 MA breakout.
Decent action from watch list names. NFLX, AMZN ,TSLA .SUNE provided nice day trading opportunities. As i wrote in last post , with FOMC in play this week , market could easily break out over 200 area and also fade after the breakout. So far the fade part worked out well. Bulls want to see 20 MA ,196 area hods short term . Ideally bulls want to see some choppy action above 196 and then over 200 for next leg up. A move below 196 should bring some fear back into the market. This hasn’t been market to chase strength. For us in chat room shorting resistance and buying support has been working well and we will continue to do that until trend changes.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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