100 MA still holds in SPY as indices trying to bounce.
Thursday's low needs to hold for the bounce momentum to continue. If SPY lose 204 again, that might bring some follow through downward momentum on bear flag break. Biotech finally caught some bounce and we were busy playing the bio bounces in chat room with decent gains.I will be looking for some bounce continuation , some of the bio names still have some room before hitting some resistance.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. You can also check out the testimonials from our students.Also if you are interested in our trade alert services and chat room , take a free trial! 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.[caption id="attachment_33647" align="alignleft" width="800"]
CEMP Bounce continuation watch over 32.[/caption][caption id="attachment_33648" align="alignleft" width="800"]
CPRX Bounce continuation watch over 4.25.[/caption][caption id="attachment_33649" align="alignleft" width="800"]
CYBR Trend line breakout watch.[/caption][caption id="attachment_33650" align="alignleft" width="800"]
DVAX Bounce continuation watch over 23.[/caption][caption id="attachment_33651" align="alignleft" width="800"]
EBIX Nice consolidation while holding support. Keeping an eye.[/caption][caption id="attachment_33652" align="alignleft" width="800"]
GWPH Holding breakout support here. Bounce watch.[/caption][caption id="attachment_33653" align="alignleft" width="800"]
NWBO Bounce continuation watch over 7.89.[/caption][caption id="attachment_33654" align="alignleft" width="800"]
ONDK Approaching bounce zone after nice run up. Keeping an eye.[/caption][caption id="attachment_33655" align="alignleft" width="800"]
RGEN Bounce continuation watch over 30.80.[/caption]
