SPY is in a range, forming a flag pattern underneath price resistance. Intraday price gapped down at the open pulled back the ma's and failed to break above them all and a downtrend is formed.
Stock makes clean gap up on the daily. Intraday, price pulled back as the 9 ema was curling up under price. Price support was created and it held. I entered just before price remounted the vwap. Sold half into the spike and exited completely when red candle held.
Execution detail:
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