Sell off continues in the Market with weekly charts looking bearish for the indices.
However, in the short term time frame market getting oversold. SPY next support 50 MA, 201 /200 area. So at this stage of sell off i will be watching for some reversal bounce action. As always this volatility providing great trading action for day traders, a reversal soon should provide more actionable trading setups.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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