SPY Trade on May 26, 2020 11:28 from spyrosz: Tradervue User Stock Trades.

I was watching closely because it had formed a "Reverse Head+Shoulders" at S1=$300.4-300.8, having reclaimed VWAP, holding above as support for at least 25-30mins.
If anything it was looking good for a "long" and a push to R1=$302....

Saw the flush to LOD=$300.4 on increasing volume and the weak tape..
Given the recent big gap-up above the 200SMA=$299.5 and QQQ weakness on the day, thought it might sell-off to the m. average for a 1st initial test.

Scaled into the short, risking above $301, realizing weak tape and momo to the downside, expecting the flush to 200SMA=$299.5.

Covered some on the way to $300, but then tape changed, so decided to bail-out of the rest.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-26 11:28:10	SPY	sell	$300.510	short
2020-05-26 11:28:54	SPY	sell	$300.610	short
2020-05-26 11:30:59	SPY	sell	$300.713	short
2020-05-26 11:32:33	SPY	sell	$300.550	short
2020-05-26 11:35:03	SPY	sell	$300.570	short
2020-05-26 11:36:52	SPY	sell	$300.560	short
2020-05-26 11:44:34	SPY	buy	$300.284	short
2020-05-26 11:46:55	SPY	buy	$300.050	short
2020-05-26 11:52:37	SPY	buy	$300.344	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPY&trade=15005446&end=20200625&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPY&trade=15005446&end=20200526160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPY&trade=15005446&end=20200526121437&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SPY Trade on May 26, 2020 11:28 from spyrosz: Tradervue User Stock Trades.

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