Both SPY and QQQ barely managed to hold the 100 MA. If this does not hold next support comes in lower range of Bolingar band 197.50 area and 200 MA afterwards. At this stage of the market it is hard to press new shorts at the same time, nothing much out there in terms of long setups. Market is getting oversold so i’ll be stalking few beaten up sector ETF’s for any type of tradable bounce soon .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.
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