Market finally had it’s oversold bounce Monday and a choppy Tuesday.
SPY tried to make another push on Tuesday and found resistance at upper trend line;not an ideal pattern bull wanted to see here. Tuesday’s low needs to hold for now or we might see some weakness. The bounce so far is not that impressive with high volume distribution days and low volume bounce. Not many leader stock in the Market with only handful of names like AMZN, FB,NFLX , GOOG as leaders. So i will be watching those names for market direction, if they starts to soften, Market could see a continuation sell off.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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