Regained composure and tried to trade it properly.
Reloaded full Tier 0 size after 3rd brutal rejection at $414 and break of intraday uptrend, risking a bit wide stop $414.1s, expecting the sell-off to S1=premarket low=$412.5 at a minimum.
Covered some at the flush towards target to recoup some of the loss, tightened stop to $413.65s, and sat tight.
Seller moved lower to $413.45, holding it down.
Algo bs mid-session to force a squeeze as it broke and held above $413.45, but tape was telling the full story. Every time bid tried to hold $413.53-.54, tape was freezing, no orders coming thru, and bids retraced sub 0.50. They couldn't hold the price..
Saw that, honored stop at $413.65, and as it broke back below $413.45 reloaded full size, risking same stop.
Covered some in-front of yesterday's close, and bulk at the $2 flush lower.
Small swing short 15% of size, thinking $408-410 area is in-play.
Closed swing size pre-market at b/e...
Re-entered small premarket right in-front of R1=$414, added intra-day as seller was trying to hold the level, but quickly bailed once he was taken out. SPY unbelievable bid!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-14 10:37:38 | SPY | sell | $413.500 | short |
2021-04-14 10:51:48 | SPY | buy | $413.760 | short |
2021-04-14 10:59:53 | SPY | sell | $413.430 | short |
2021-04-14 11:22:57 | SPY | buy | $412.920 | short |
2021-04-14 12:56:45 | SPY | sell | $413.440 | short |
2021-04-14 13:33:06 | SPY | buy | $413.010 | short |
2021-04-14 13:58:55 | SPY | buy | $412.610 | short |
2021-04-14 13:59:15 | SPY | buy | $412.210 | short |
2021-04-14 14:05:39 | SPY | buy | $411.728 | short |
2021-04-14 15:09:24 | SPY | buy | $411.100 | short |
2021-04-15 07:54:30 | SPY | buy | $413.550 | 0 |
2021-04-15 08:18:07 | SPY | sell | $413.910 | short |
2021-04-15 09:34:46 | SPY | sell | $413.960 | short |
2021-04-15 09:44:53 | SPY | sell | $413.870 | short |
2021-04-15 09:49:46 | SPY | sell | $413.910 | short |
2021-04-15 10:02:11 | SPY | sell | $413.875 | short |
2021-04-15 10:15:02 | SPY | buy | $414.230 | 0 |
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