Shared by
spyrosz
Very well-defined resistance level at R1=$222.2, exactly where it got rejected yesterday (yesterday's HOD). Break and hold above R1 opens door to a retest of the daily downtrend line and R2=$224.65.
Premarket plan was to buy the opening flush to S1=premarket low=$221.2, expecting a hard bounce, reclaim of R1 and move to R2.
1min before open, it pushed to $222.6s and I kinda thought I lost it. So I placed a filler-size bid in-front of R1 just to make sure I get some...
Bid got hit at the open for filler size, risking below S1=221.2 and $221 whole number, added Tier 0 once S1 held and IWM bounce hard, added one momo tier as it was reclaiming R1+VWAP, expecting the move to R2=$224-224.6 area.
Sold a lot as it became very choppy close to $223 while QQQs and SPY had some very clean price action. Finally found its footing and moved higher.
Sold at target, got flat once it rolled over below R2.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-09 09:31:02 | IWM | buy | $222.110 | long |
| 2021-03-09 09:43:41 | IWM | buy | $221.230 | long |
| 2021-03-09 09:44:45 | IWM | buy | $222.100 | long |
| 2021-03-09 09:46:05 | IWM | sell | $222.540 | long |
| 2021-03-09 09:47:28 | IWM | sell | $222.890 | long |
| 2021-03-09 09:59:00 | IWM | sell | $223.350 | long |
| 2021-03-09 10:09:43 | IWM | sell | $222.940 | long |
| 2021-03-09 10:09:43 | IWM | sell | $222.920 | long |
| 2021-03-09 10:10:03 | IWM | sell | $222.825 | long |
| 2021-03-09 10:22:38 | IWM | sell | $223.190 | long |
| 2021-03-09 10:41:59 | IWM | sell | $223.780 | long |
| 2021-03-09 11:13:19 | IWM | sell | $224.450 | long |
| 2021-03-09 12:35:48 | IWM | sell | $224.900 | long |
| 2021-03-09 14:30:49 | IWM | sell | $223.810 | 0 |
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