Gap up and fade day in the Market as SPY could not clear the overhead 50 MA resistance.
Market is in the mid point here, Bulls want to see SPY over 50 MA and Bears will get momentum if SPY breaks that 100 MA again. Downtrend will not change until SPY gets over 50 MA and stays there, bounces below 50 MA will only create a bear flag for next leg down. It is still a day trader’s market out there as volatility rises, there are many plays both long short but you have to trade quick. 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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