Shared by:
sk6345
SPY has been broke the 50 sma on the previous day then pulled back towards the end. Today, stock held below the 20 & 50 sma. Intraday market opened and remained in a range for a bit.
Stock made a clean gap down on the daily. intraday, price pulled back to vwap remounted and then failed again. I shorted once it cracked the vwap, with a stop above. Price moved side ways as the 9 ema caught up with price and started to curl down on top of price. SPY maintained it's range for a bit then broke to the downside. The stock broke down. sold each half after a run down.
Execution detail:
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