Put a daily doji on Friday as it pushed above the daily ascend. resistance line.
On main watch for a pullback towards $413.5-414 area.
Premarket plan was to get "short" only if it managed to break and hold below S1=premarket low=$416. S2=$413.5-414 next inflection point.
Pop towards R1=$417 at the open, was met with a brutal rejection and a quick flush to $415.
Got short Tier 0 at the retracement to S1=$416 + VWAP, risking tight stop $416.3s, expecting the retest of LOD=$415 at a minimum, then move to target/S2.
Covered some at the quick sell-off to $414.4-414, held rest as core to trade around.
Rinse + repeat move, reloaded size, risking the previous lower high=$416.15, covered into S2=$413.5-414.
Remained weak, couldn't reclaim any previously lost support level, below VWAP, with seller sitting right at $415.1, buyer at $414.-414.3s.
Scalped the range, thinking there was another leg down in the afternoon session, but when it failed to push below $414 at 15:30, covered bulk, leaving a tiny trailer on with stop above VWAP.
Stopped out last minute before the bell. Great trading. Took home as much as I could.
(+) Remained patient all this time, taking small hits on the front-side, waiting for the weak tape. Put the size and pressed when it really mattered, when sellers took contol.
(+) Legit executions, tape reading
Insane bid though. After such a run and can't let the f@cker make a decent pullback even to
Sellers tried really hard all-day long and we closed -0.5% on the day. Pathetic. At least we know where the buyer sits, and what has to be done if we want to go lower:/
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-19 10:21:31 | SPY | sell | $415.720 | short |
2021-04-19 10:25:10 | SPY | sell | $415.930 | short |
2021-04-19 10:26:48 | SPY | sell | $415.805 | short |
2021-04-19 10:40:36 | SPY | sell | $415.780 | short |
2021-04-19 10:45:12 | SPY | buy | $415.110 | short |
2021-04-19 10:47:36 | SPY | buy | $414.550 | short |
2021-04-19 11:15:00 | SPY | sell | $415.490 | short |
2021-04-19 11:21:21 | SPY | sell | $415.600 | short |
2021-04-19 11:32:44 | SPY | sell | $415.240 | short |
2021-04-19 11:44:37 | SPY | buy | $414.590 | short |
2021-04-19 12:28:28 | SPY | buy | $414.360 | short |
2021-04-19 12:39:58 | SPY | buy | $414.120 | short |
2021-04-19 14:18:02 | SPY | sell | $414.700 | short |
2021-04-19 14:24:29 | SPY | sell | $415.050 | short |
2021-04-19 14:30:48 | SPY | sell | $414.950 | short |
2021-04-19 14:39:07 | SPY | buy | $414.450 | short |
2021-04-19 14:48:18 | SPY | sell | $415.050 | short |
2021-04-19 15:08:42 | SPY | sell | $415.070 | short |
2021-04-19 15:14:11 | SPY | buy | $414.550 | short |
2021-04-19 15:15:47 | SPY | buy | $414.420 | short |
2021-04-19 15:36:22 | SPY | buy | $414.530 | short |
2021-04-19 15:59:58 | SPY | buy | $415.268 | 0 |
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