SPY Trade on Apr 29, 2021 09:40 from spyrosz: Tradervue User Stock Trades.

The premarket gap-up above R1=daily ascending resistance line=$420 seemed a bit stretched.
R2=premarket high=$420.5. Below R1, gap-fill on daily at S1=$419

Premarket plan was to wait for a setup to get "short" expecting the break of R1=$420 and daily gap-fill at a minimum.

Opened strong, tried to pop thru R2=premarket high=$420.5 but got rejected and rolled-over.
Flat-line consolidation in-front of R1=$420 with VWAP holding it down acting as resistance,

got short Tier 0, risking HOD=$420.7, then added one momo tier for the break of LOD, risking the m.average for that add, expecting $419s to come quickly.

Took the partial stop as it tried to remount VWAP, but once it failed reloaded size, putting stop at lower high. Broke R1=$420, put offers to add more size at the backtest, but it never made it. Remained weak and moved lower.

Covered some in-front of S1=$419 and bulk in-front of yesterday's close=$417.4, leaving a small trailer on with stop above VWAP.

I had a very good read on the tape. Reloaded some at the 1st bounce attempt towards VWAP, risking above the m.average for the add, covered small lower, and scalped the green to red move, as tape was screaming weakness and SPY was constantly rejecting the 9EMA@5min chart.

Still short with a small trailer on, stop above VWAP.

Saw the bounce back to VWAP, and reloaded short, smaller size than morning, risking the peak of previous bounce $418.85, expecting to reject VWAP and retest LOD in the afternoon session.

Didn't play as expeted so I took the stop giving 1/3 of the profits back.

(+) Traded my plan, had a good read on tape and pressed short when tape was conducive. Took the stop per plan when afternoon thesis was violated by price. I am fine with that...