Shared by
spyrosz
The fact that I am green on SPY trading it only on the "short" side looks like a miracle!
I was certain for one thing: If bears had a chance rolling this thing over in the next sessions, SPY WAS NOT ALLOWED to remount 9SMA@daily=(yesterday's HOD)=$417.5.
Insane squeeze brought price right into R2=9SMA@daily=(yesterday's HOD)=$417.5, so it had to be defended at all costs.
Played a "Technical Reversal on the 60min" chart nicely here:)
-- Filler size into front-side, risking $417.75s, waiting for the "Technical Reversal" pattern to form
-- Covered small at the 1st pullback
-- 60min doji was put in-front of R2=$417.5 + got short Tier 0, risking same tight stop $417.75s
-- slowly covered lower and into VWAP flush.
Stopped out of last trailer before the 2nd squeeze...9SMA@daily remounted, so...ATHs??
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-06 11:44:46 | SPY | sell | $417.220 | short |
| 2021-05-06 12:14:45 | SPY | buy | $416.640 | short |
| 2021-05-06 12:30:34 | SPY | sell | $417.530 | short |
| 2021-05-06 13:18:17 | SPY | buy | $416.670 | short |
| 2021-05-06 13:56:57 | SPY | sell | $416.340 | short |
| 2021-05-06 14:12:44 | SPY | buy | $415.950 | short |
| 2021-05-06 14:12:48 | SPY | buy | $415.870 | short |
| 2021-05-06 14:12:50 | SPY | buy | $415.770 | short |
| 2021-05-06 14:52:55 | SPY | sell | $416.430 | short |
| 2021-05-06 15:13:00 | SPY | buy | $416.860 | short |
| 2021-05-06 15:13:00 | SPY | buy | $416.860 | short |
| 2021-05-06 15:13:00 | SPY | buy | $416.860 | short |
| 2021-05-06 15:13:00 | SPY | buy | $416.860 | 0 |
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