SPY had a rebound day today in the morning. I wasn't able to get to my cpu until about 12:15pm and I was looking at this major run up. I then mapped out the up trend line to proceed looking for the back side as price was significantly over bought on the intraday and very extended above the VWAP. My thinking was that 'Buyers needs to be tested.' Given the time of day, I thought the thesis was very relevant and I'm looking for the next resistance for a turning point. I have intraday Resistance at 243/245 and Support at 237.36/239/VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-24 12:49:59 | SPY | sell | $241.570 | short |
2020-03-24 12:59:41 | SPY | buy | $240.010 | short |
2020-03-24 13:06:32 | SPY | buy | $239.090 | short |
2020-03-24 13:10:29 | SPY | buy | $238.250 | 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!