Huge rally & 6th consecutive green day, now approaching significant resistance=important previous daily support pivot=20SMA@weekly=9SMA@montly=$451-452.
If sellers are to reject price, that's a good spot, especially given the way we shot higher (in a straight line, no pullback).
-- Got short Tier 0 size, risking wide stop for now $460s
-- Will look to add another tier and tighten stop once we have more clarity and see where seller steps in, if he steps in.
-- Expecting brutal rejection here, hold below $451, roll over and make its way back to low $430s.
-- 1st target $430
03-28-2022
50% partial stop. Remaining 50% stop per plan $460s
03-29-2022
Gap-up after such a rally w/o breather into previous major resistance area=$458-460s was ideal to reload short, what I got stopped out, and some. Willing to bag-hold remaining 50% from earlier entry into such gap-up to resistance.
-- Reloaded short + one more Tier, risking 465s for whole size
-- Expecting to see sellers stepping in and this thing to roll-over at least to $451
-- 1st target $451, then will see based on price action
03-31-2022
Covered 2/3 in-front of $451-452 target.
04-05-2022
They gave up the $458-460 entry again, this time knowing exactly what the stop should be.
Excellent!
-- Reloaded short what I covered, stop for whole size $462s
-- Expecting round-trip back to $451s
-- Covered 50% same day at target. Nice!
04-20-2022
Trailing stop hit. Flat.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-22 10:58:24 | SPY | sell | $448.732 | short |
2022-03-22 15:50:17 | SPY | sell | $450.086 | short |
2022-03-28 15:25:02 | SPY | buy | $454.458 | short |
2022-03-29 07:41:49 | SPY | sell | $457.880 | short |
2022-03-31 15:57:50 | SPY | buy | $452.600 | short |
2022-03-31 15:59:39 | SPY | buy | $452.130 | short |
2022-03-31 15:59:59 | SPY | buy | $451.210 | short |
2022-04-05 10:03:50 | SPY | sell | $457.605 | short |
2022-04-05 12:51:42 | SPY | buy | $453.429 | short |
2022-04-05 15:12:44 | SPY | buy | $451.540 | short |
2022-04-06 07:51:10 | SPY | buy | $446.930 | short |
2022-04-11 12:05:42 | SPY | buy | $442.210 | short |
2022-04-20 09:30:11 | SPY | buy | $447.070 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!