We have been writing about about poor action in many individual stocks while indices masking the damages. The mask finally came off as SPY rejected 20 MA resistance again then closed below all important 50 MA support. Next support, 100 MA 292 area followed by trend line support. Tricky tape out, after such a big outside day, things might get choppy Wednesday or sell off continues. Hit and run day trading mode by followed intraday price action.
If you want to trade with us,we just launched a brand new website with brand new day trading and swing trading chatrooms. Here is a breakdown of all the new features of the new chatrooms:
– New Discord Chatrooms
– Actionable daily day trade and swing ideas
-New On-Demand Day Trading and Swing Trading Bootcamp (Updated every month with new content)
– Live Market Recaps 3x a Week with Kunal
-Sunday Market Huddle
– Bi-Weekly Mentorship Sessions with Paul Singh
– Charting Layouts and Stock Scans
– Invitation to Live Events
Sign up for our day trading chatroom by clicking here.
Sign up for our swing trading chatroom by clicking here.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman