Sell off day in the market after SPY gapped down below short term momentum moving average , 8 EMA and failed to capture it back.
SPY hasn't had a test of 20 MA in a while, so 20 MA tap to 209/208.50 is a possibility. Healthy action so far as market churning and consolidating . Action in next few days will tell us whether it is just healthy pullback or beginning of a correction or get stuck in summer long range between 204 and 212.50. Our low float speculative momentum runners for day trades still working well, mostjy on shorting the spike. Check out SPHS, one of our day trade in chat, We were short on this right at open fade for huge gains for the day.
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EMES Parabolic short idea from blog. Intraday chart, we had a nice short in chat room from 11.60, covered at 10. Will be watching for a short again , ideally on a spike at open to 11/11.20 and fade.[/caption][caption id="attachment_39534" align="alignleft" width="800"]
LABU Biotech ETF, 20/50 MA support zone . Keeping an eye for a bounce.[/caption][caption id="attachment_39533" align="alignleft" width="800"]
JUNO Bio name, 20/50 MA support zone . Keeping an eye for a bounce here or another flush to 40 area.[/caption][caption id="attachment_39535" align="alignleft" width="800"]
NFLX Watching 93 support zone holds for a bounce.[/caption][caption id="attachment_39536" align="alignleft" width="800"]
SWN Oil name, eyeing for 20 MA and trend line bounce here or another flush to 50MA ,12 area.[/caption][caption id="attachment_39537" align="alignleft" width="800"]
WLL Oil name, eyeing for 20 MA bounce here or another flush to 50MA ,11 area.[/caption][caption id="attachment_39538" align="alignleft" width="800"]
X Inside day after a move over 50MA, Could get going again.[/caption]
