Bounce day in the market after a huge sell off once bears managed to took out that 100 MA , as we wrote about in the last blog post. However, market manged to hold the low from October 2nd, thus creating a short term double bottom pattern which triggered a short covering rally today.
Big range day in the market which often creates slow ,range bound day next day. Most likely we have seen short term bottom for now and if market can digest the action from today that will setup some daily chart nicely .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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Watch list mostly contains some recent IPO’s . Most of them are in low volatility coiling pattern. I will be looking for some expansion on those either way.
