Indecision day in the market after SPY tested and so far holding the 100 MA.
If Tuesday’s low holds we might see a bounce but SPY now have many overhead resistance on top.SPY still under the uptrend line so 1st resistance should be the trend line and 50 MA 210 area and then work it’s way up or we might get stuck on a summer long range bound market. For Wednesday, i will be focusing on some bounce candidates and some stocks that are holding well during this sell off. 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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