SPY Trade on Jul 15, 2020 09:55 from spyrosz: Tradervue User Stock Trades.

Premarket plan for the obvious trade:
-- get "long" if it breaks R1=major daily resistance level=$323 on volume, holds/consolidates above---> for the short squeeze higher.

-- avoid all price action below R1.

Well, it opened weak and they tried to flush it lower, but reversed hard and started holding above VWAP.
I thought it was a good spot to get a filler so as to have it on close watch.

Got long filler size, risking LOD=$321.2, wanting to add serious size above R1=$323.

Well got stopped out almost at the bottom of the 2nd flush. So, when it reclaimed VWAP,

re-added filler for the Double Bottom, stop at new LOD=$321.1, same plan as before.

Got to R1=$323, looked like it wanted to break higher but when China news hit the tape, it gave in to the sellers...

Stopped out and left it alone.
Papercut loss.

Stays on watchlist, major A+ setup above $323 is forming.