Rejection at the top of range, nothing new in this market.
Multi year long range in SPY and slow summer action. Expected basing action over 20/50 MA as market relieves some oversold levels after V shaped move. Impressive hold though given that oil really was hammered on Thursday. Watch will be on individual stocks with intraday setups as general market bases. Slow summer trading out there, so i am keeping the trades short and simple.If you are struggling with your trading or learn how to trade you need to check out our trading courses. 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. You can also check out the testimonials from our students.Also if you are interested in our day trade alert services and chat room Check them out here.Follow me on Twitter @szaman and on StockTwits @szamanCheck out our newest Offering "Bulls Vision" ! A brand new screen share product! See through the eyes of@kunal00 while he trades live everyday.
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ACAD In a bear flag range. Watching break either way.[/caption][caption id="attachment_39872" align="alignleft" width="800"]
BSPM Flag pattern. Watching intraday for a quick trade.[/caption][caption id="attachment_39873" align="alignleft" width="800"]
DWTI Big breakdown on oil . Watching oil short again via this ETF long on red to green type of move.[/caption][caption id="attachment_39876" align="alignleft" width="800"]
SM Oil name. Short watch on green to red type move.[/caption][caption id="attachment_39874" align="alignleft" width="800"]
NFLX Holding 20/50 MA support so far. Could get a pop over 95.30.[/caption][caption id="attachment_39875" align="alignleft" width="800"]
SINA Nice candle off 20/50 MA . Continuation watch over 52.70.[/caption][caption id="attachment_39877" align="alignleft" width="800"]
X Range breakout watch.[/caption]
