Range bound action continues in the market.
SPY gap fill and 50 MA bounce. Buyers were ready to buy dips yet again. 50 MA needs to hold short term for now .Plenty trading opportunity throughout this range bound market as both long and shorts are working.You can pretty much long and short same stocks over and over again for decent short term trades. For example , PTBI was one of our biggest winner in the chat room. We were long this stock at $9 in lower range at open for nice profit to $10 and shorted this once made lower high in the afternoon at $9.60 for nice profit again to $9!
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