Shared by
spyrosz
Looked ready to finally clear the 20SMA@daily=$415.3 and head lower.
Premarket plan was to get "short" if it managed to break and hold below S1=20SMA@daily=$415-415.3 area, for the move to S2=$413.
Choppy open, but as soon as it started holding below yesterday's close+200EMA@60min+VWAP,
got short filler, risking HOD, added Tier 0 thru S1 break and one momo tier for the break of LOD, tightening stop above yesterday's close $415.8s, expecting S2.
Covered some at the quick flush to $414, held bulk for lower prices. For the 1st time looked like sellers would be able to defend a previously "broken" support level, so reloaded size at the pop to S1=20SMA@daily, risking super tight stop for whole position above the m.average, expecting to retest lows....
Looked good for a moment and then...BOOM!What a squeeze!! Stopped out per plan, for less than < filler size loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-06 09:46:26 | SPY | sell | $415.590 | short |
| 2021-05-06 09:50:42 | SPY | sell | $415.240 | short |
| 2021-05-06 09:55:11 | SPY | sell | $415.250 | short |
| 2021-05-06 09:58:22 | SPY | sell | $415.030 | short |
| 2021-05-06 10:18:03 | SPY | buy | $414.160 | short |
| 2021-05-06 10:34:25 | SPY | sell | $414.700 | short |
| 2021-05-06 10:36:46 | SPY | sell | $414.970 | short |
| 2021-05-06 10:44:54 | SPY | sell | $414.950 | short |
| 2021-05-06 10:57:38 | SPY | sell | $414.880 | short |
| 2021-05-06 11:23:43 | SPY | buy | $415.450 | 0 |
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