SPY Trade on Jul 20, 2020 11:52 from spyrosz: Tradervue User Stock Trades.

Bulls trying to protect $320. Bears trying to defend $323. Clean levels to work with...
Get long above $323 for the pain-short squeeze trade, or short below $320 for the bull capitulation trade.

Opened strong, held premarket pivot $320.5 and rallied on nice increasing volume to R1=$323. Low volume pullback, putting a great bull-flag below the resistance level.
9EMA@15min chart caught up with price action, and pushed it back to R1 (Indy-long pattern).

Got long filler size once it cleared R1=$323 for the 1st time, risking wide stop at bottom of pullback $322.3s, expecting further consolidation above/below the level before final break-out, as it still looked extended on 15/30min timeframes, QQQs were also a bit extended same time.

Market gift as SPY flushed back towards the 9EMA@15min chart,
doubled the position, risking same stop as before $322.3s.

Great bounce from the 9EMA@15min which was acting as obvious support for SPY.
Added a bit more on the 2nd attempt to break and hold above R1=$323, risking the higher low.

After the 3rd consecutive higher low, it became evident that it was printing an asc. triangle below R1. Moved stop below the new higher low.
Added more as price was getting tight, break-out imminent, risking below the latest higher low.

Finally, cleared the level and exploded to $323.7s.
Sold small $323.8s, sold some at $324.5 and $325s. Holding 50% of position overnight with a target $327-328 area.

Great trade idea/thesis, nice executions (entries and exits), great risk management. A+ setup.

Great follow-thru with a nice gap into $327 area. Sold a lot premarket, sold a bit more when it failed to reclaim VWAP and as it made a new LOD.
Still holding 15% of original position with a target at $328-330 area...

Took some off premarket after jobless claims rose for 1st time after March..
Maybe I should have cut 50% of remaining position once it lost $324.5s instead of holding until stop.
Anyway, it was a small trailer, so no big deal.

Great swing long overall...Played it perfectly.