Shared by
spyrosz
Gapped down premarket, below the $414-414.3 buyer that held it the day before.
Easy "short" the opening pop into R1=yesterday major support level=$414-414.3, expecting rejection and a move lower. S1=premarket low=$413.2s, then nothing until S2=200EMA@60min chart=$409.8-410 area.
Played nicely. Popped right into filler size offer in-front of R1, slowly added Tier 0 as it was rejecting $414.5, and one momo tier once it rolled over and lost the level, risking HOD=$414.7, expecting the move to S2.
Small cover at premarket low, covered bulk into $411s, and I have last cover 1c above LOD :))
Held trailer with stop above VWAP. Remained weak, couldn't even make a proper VWAP test, so after 2nd lower high below the m. average, reloaded small, risking $412.5s, expecting the retest of LOD.
Covered per plan.
(+) I had a great read on SPY last two days and traded it properly. Played my premarket plan, great executions.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-20 09:37:24 | SPY | sell | $414.285 | short |
| 2021-04-20 09:48:36 | SPY | sell | $414.290 | short |
| 2021-04-20 09:51:23 | SPY | sell | $414.290 | short |
| 2021-04-20 10:02:41 | SPY | sell | $414.190 | short |
| 2021-04-20 10:34:50 | SPY | buy | $413.300 | short |
| 2021-04-20 10:52:09 | SPY | buy | $412.220 | short |
| 2021-04-20 11:24:20 | SPY | buy | $411.245 | short |
| 2021-04-20 11:39:01 | SPY | buy | $410.630 | short |
| 2021-04-20 14:11:07 | SPY | sell | $411.930 | short |
| 2021-04-20 14:45:21 | SPY | buy | $411.110 | short |
| 2021-04-20 15:02:27 | SPY | buy | $410.940 | 0 |
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