Another down day in the market but SPY managed to hold on to both 20 and 50 MA.
Still in range bound market below 212.60 and above 100 MA. Chinese stocks has been hit hard as China stock market continues to plunge after a parabolic run . However, some this Chinese stocks are getting stretched a bit to the downside for “rubber band snap back bounce”. So , I will be watching some of the China names closely.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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