SPY has built a nice little support on short term 8 day EMA as it keeps on bouncing that area.
A breach below Wednesday’s low could bring some weakness in the Market. Also keep an eye on small cap IWM index. 20 SMA holds for now but if it breaches , it could easily see 200 SMA. Nothing much has changed, indices still stuck on slow grinding range with lack of leadership stocks. We are still in short term hit and run trading mode in chat room.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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