Good day for the Bulls as SPY was able to catch a follow through up move after usual top of trend line fade on Wednesday.
SPY broke out of the down trend line but stopped right on resistance. If Bulls can take out this resistance , not much in the way until 209. Biotech dip buyers showed up on cue as we discussed about buying bio tech dips on last post. Some great trading opportunities in recently posted watch list names like SM, BCEI , KITE JUNO, CEMP, ISIS. As for game plan tomorrow, i will be looking for some continuation move on bio stocks. Also keep an eye on energy names. Decent range on them lately to both long or short intraday.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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