Decent pull back day in the market.
No surprise there as i wrote in my last post, Bulls want to see Tuesday’s low holds.A move below Tuesday’s low could see SPY at 200 MA and a gap fill next. SPY gapped down Thursday below Tuesday’s low and failed to bounce at open paved the way for typical trend down day. Market now getting a bit oversold so I wouldn’t be surprised to see a bounce attempt soon. Next SPY support at 100 MA 203.57 area. SPY need to get above 20o MA for bullish momentum again. Decent trading action out there, we are still getting some big range action in individual names. CSTM, FTK,SPHS and some bio tech shorts gave us another decent day in chat.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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