SPY finally broke 8 EMA support Monday. Followed by a gap down Tuesday with china negative news (News and chart usually confluences). However, dip buyers came back to work as many stocks closed well of days low. Keeping it simple, not much fear in the market as long biotech names are leading.SPY needs to hold Tuesdays low and build here to remount 20 MA.
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:
LK 30 remount idea working well. Watching for another setup on a red to green type move.
Free Chat Day Next Tuesday: Watch Us Day Trade Live
On Tuesday, December 10th, we are doing a free chat day with our day trading chatroom. During the free chat day, you get to watch Kunal day trade live on screen share. You will also get to see a swing trading market recap with Paul Singh. Watch all the day trading setups and trades we take in real-time, and see all the scans, charting layouts, and other gimmicks of our trading style! NOTE: Only 300 seats are available, so sign up ASAP before space runs out!
