Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-SPY went as high as 320 because world is slowly reopening from COVID
-SPY extended and pulled back from 320 to retest the 300 psychological support
Technical Analysis
-SPY pattern: Fade
-Intraday pattern (TVIX): Mountain
-Levels: 173, 188, 212, 230
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of SPY 303.5 level (long TVIX)
Confluence: N/a
Strike Zone: 303.5 - 304 (SPY)
Sizing (lots): 1
Risk (stop / Rs): Hold above 303.5
Review / Lessons Learned
OGT, slowly scaled out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-12 11:09:54 | TVIX | buy | $207.440 | long |
| 2020-06-12 11:09:54 | TVIX | buy | $207.450 | long |
| 2020-06-12 11:10:33 | TVIX | sell | $209.340 | long |
| 2020-06-12 11:10:50 | TVIX | sell | $211.280 | long |
| 2020-06-12 11:10:50 | TVIX | sell | $211.280 | long |
| 2020-06-12 11:11:06 | TVIX | sell | $215.680 | 0 |
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