So much for healthy basing out action. Market plummeted hard! Many blaming this to algorithm driven sell on stocks and buying strong bonds. Regardless of the reason , price ultimately pays.
SPY back to middle of the range. if 270 breaks , there is a possibility we test the lows or lower. Small cap index IWM remains worrisome. It was a laggard during general market bounce and now almost back at the lows.
Unless there are some solid positive news about China trade war, market remains vulnerable.
If you are struggling with your trading or learn how to trade you need to check out our trading courses. 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.
Also if you are interested in our day trade alert services and chat room Check them out here.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.