Shared by
spyrosz
Missed the 1st leg from $230 to $225 since no thesis.
But got really interested when I saw it back below $226.5 which is major support pivot/inflection point last 5-days.
Remained weak, failed to remount $226.5 at 1st attempt and at the 2nd retracement to the level + 9EMA@15min caught up with price,
got short Tier 0, risking tight stop $226.61, expecting to revisit LOD=$225 at a minimum. Ideally I would love to see new LOD and a flush to $222 to close the gap on daily.
Multiple rejections at $226.5, added another tier to core size, risking same stop, hoping for the flush lower before close....but no bueno.
Got flat 1min before close. Right at $224.75 after-hrs. If it opens 1% down tomorrow morning I would be really pissed.
Let's hope for a morning pop to $226.5 tomorrow at open.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-16 13:27:24 | IWM | sell | $226.130 | short |
| 2021-02-16 13:35:43 | IWM | sell | $226.210 | short |
| 2021-02-16 14:50:46 | IWM | sell | $226.055 | short |
| 2021-02-16 15:50:16 | IWM | sell | $225.955 | short |
| 2021-02-16 15:58:51 | IWM | buy | $225.920 | 0 |
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