SPY Trade on Mar 6, 2023 09:42 from kgauvin25: Tradervue User Stock Trades.

Market:

• So we are common gap up and after two powerful green days (started w/ a false breakdown and powerful day 2) do we get a day 3? As of this morning we are above last weeks range now just some important Res SPY 405
• We have broke ST Bear market and returned to ST Bull market, just in tricky spot
• We are not that extended
• D bears get pissed and try to step back in? Well there is the chance if they do and and then bring us all the way down and we got a false breakout of ST bear market, but lot of work for that to happen
• Levels
  • Above 405- buy
  • 400 - 405, lean buy
  • Below 400 - short
• So in tricky spot, really 50/50 of where we could go, but just know we are in stronger bullish position vs last week, so def could confirm longs above SPY 405, just right at open might be tough
  

$SPY

• So after my ideas were failing PSY was forming inside 5 right at 405 level
• Was stronger of the 3 indexes however IWM was leading down which I did not like
• Layers
  • 8 EMA not there, spreads fine, over 100 can use odd lots, only 55 cents risk which seemed small for SPY
  • Daily were out of ST bear market and approaching key $405 Res
  • Sized less so could get back in if shaken out
  • So got long on the break instantly ITM, got orders in correctly
• Was up for a bit, then got whacked down hard, and I got stopped
• Loss managable, as this was happening team called for a great short on AAPL, making me realize where I bought was not really ideal to buy
• After i got stopped, and then 8 EMA did catchup, never really interested again and never seedmed to give clear opportunity to get back in