We finally had our biotech bounce as expected in the last blog. Solid action by the Bulls today as they managed to hold the bounce.
SPY definitely has some room to move on top specially to 20 MA 195 area. Market still in Bear territory so I will be looking for some fading at resistance. I will be watching some under performing biotech names . If sector continues to bounce , laggards should follow or we can just short them if bounce fades. 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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