Another volatile down day in the Market as SPY gap up open was quickly faded. If you are new at trading, be careful chasing a gap up open when market is in on a downtrend.
SPY now under 50 MA and there are some support on 100 MA, we are also outside of Bollingar Band. Ideally if we have another flush at open , i will be looking for a bounce. I will be also keeping an eye on oil. Oil has to catch some bids for the Market to get a bounce. Volatility is finally back in the Market, good times for day traders as volatility creates opportunity . Decent day Bulls chat room with real time alerts gaining $2900 for the day! 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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