Down day in the market but SPY managed to hold on to both 50 and 100 MA.
Thursday’s low should be short term line in sand for the Bulls. A break below should test the 20 MA and a possible gap fill to 208. Regardless of market action, under the hood , decent trading action in individual stocks. A healthy sign for market and we also have one or two intraday momentum names that are having monstrous run . Our chat room was all over this ITEK today which almost had a 200% gain for the day. Check out how chat room traders were trading this:
With that kind of volume this ITEK should also be in play on Friday. Watching for a possible red to green type move. 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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