Range bound action in market as SPY having difficulty breaking out of the trend line and 20/50 MA.
SPY, bullish trend will start over 207 and with support at 204.50. Chop zone in between. A break below 204.50 will confirm bear flag breakdown and should bring some weakness.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_33743" align="alignleft" width="800"]
ARQL Tight range. Looking for direction either way.[/caption][caption id="attachment_33744" align="alignleft" width="800"]
CEMP Range bound bear flag action. Needs to hold 34 for now.[/caption][caption id="attachment_33745" align="alignleft" width="800"]
CORT Flagging. Keeping an eye for direction.[/caption][caption id="attachment_33746" align="alignleft" width="800"]
FOLD Tight range. Looking for direction either way.[/caption][caption id="attachment_33747" align="alignleft" width="800"]
GWPH Having issues with clearing trend line. Looking for direction either way.[/caption][caption id="attachment_33748" align="alignleft" width="800"]
HLF Coiling pattern. Watching for direction.[/caption][caption id="attachment_33749" align="alignleft" width="800"]
NYMX Parabolic short watch ideally needs one more push.[/caption][caption id="attachment_33750" align="alignleft" width="800"]
OVAS Bounce watch from last post, we finally got our bounce, no looking for continuation up. Might have another pop if 35 holds.[/caption][caption id="attachment_33751" align="alignleft" width="800"]
SCMP Bear flag at resistance. Watching for a short setup.[/caption][caption id="attachment_33752" align="alignleft" width="800"]
VBLT Holding resistance and 20 MA. Could get a pop with volume.[/caption][caption id="attachment_33753" align="alignleft" width="800"]
VSLR Coiling pattern. Watching over 12.40 for a pop.[/caption][caption id="attachment_33754" align="alignleft" width="800"]
WBAI Watching for a trend line break out.[/caption]
