Reversal day in the market after SPY failed hold onto 20 MA breakout of the downtrend line.
So here we are ,back to lower range and at 50 MA. We have seen this game before, just when it looked like market going to breakdown, dip buyers steps in and reverse back. So i am not counting out tha same pattern plays out again this time. If 50MA doesn’t hold , next support is at 100 MA 208 area.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.
Also if you are interested in our trade alert services and chat room , take a free trial! Check them out here.
Follow me on Twitter @szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of @kunal00 while he trades live everyday.
