Market stuck in a bear flag range.
SPY now has many overhead resistance on top like 50 and 100 MA and trend line. A break down 205.28 could see 200 MA . Market is still in Bear territory so be careful out there with break out and long plays. Be sure to take profit quickly and do not chase long into spikes. In this type of environment spikes tend to get faded. 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_35056" align="alignleft" width="800"]
AMBA Still stuck on bear flag. Keeping a eye .[/caption][caption id="attachment_35057" align="alignleft" width="800"]
HRTX We had our 20 MA bounce. Next time below 20 MA could get a flush.[/caption][caption id="attachment_35058" align="alignleft" width="800"]
INSY Setting up a bear flag below 20 MA. If breaks 50 MA next.[/caption][caption id="attachment_35059" align="alignleft" width="800"]
KITE Big area here. Could go either way depending on Market .[/caption][caption id="attachment_35060" align="alignleft" width="800"]
POZN We had our 20 MA bounce. Next time below 20 MA could get a flush.[/caption][caption id="attachment_35061" align="alignleft" width="800"]
QIHU Holding up well in narrow range but if 20 MA breaks,could get vulnerable.[/caption][caption id="attachment_35062" align="alignleft" width="800"]
SGYP We had our flag breakout. Now printing a reversal candle. Watching for quick short below 9.20.[/caption][caption id="attachment_35063" align="alignleft" width="800"]
SINA We had our narrow range break down move, now looks like it might go for 50 MA.[/caption]
