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.
Stcok made a clean gap to the downside on the daily. intraday, price pulled back to the 9 ema. I shorted once I saw a red candle hold. Stock moved downward slightly, tested the vwap, then pulled back above the 9 ema that was curling down on top of price. I was stopped out.
I reentered once I saw that the 20 ema had caught up to price and that it, and the 9 ema were curling down on top of price. I shorted more shares when price broke below the vwap. price ended up moving sideways then it remounted the 9ema and vwap stopping me out
Execution detail:
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