SPY found itself in a range now, while technology stock stays strong and oil and financial stocks remains week.
SPY 50 MA, 205 area is support now. Bulls want to see that range support holds, a break below will be lower end of the range 202 area. On the upside,210 is the resistance for now. All chop in between. Leader stocks like AMZN,NFLX held their 20 MA and Bulls want to see that support being defended. As far as trading in choppy market, do not over trade, do not chase any stocks intraday and take your gains quick. In our chat room, last few days, we have been only trading few hours at open and chill rest of the day with decent gains.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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