Weakness continues in the market . As I mentioned in the last blog post, “This divergent in individual stocks and Indices might catch up soon one way or other”.It finally happened to the down side.
Spy has been down three days and touching lower bollingar band . Tricky spot here as it could easily bounce here or a flush to 50 MA and bottom of the range. Slim picking out there , certain tech names like SCTY, YY , BITA were getting oversold and they tried to bounce today without much progress .I will be focusing on those to names see the direction .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.
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