Shared by
kingsbayanalytics
BIG PICTURE
SPY: gapped down but strong pre-market uptrend on 1m
QQQ: gapped down but strong pre-market uptrend on 1m
IWM: gapped down but strong pre-market uptrend on 1m
INTRADAY FUNDAMENTALS
1D RVOL: 2 (I think)
CLEAR TREND: N
KEY LEVELS:
- BULL: > $630, $633
- BEAR: < $626
NEWS: Squid game strengths? (weak)
TECHNICAL ANALYSIS
- NEXT BIG RES OR SUP LEVEL:
- SHORT TERM: RES $636
- LONG TERM:
TRADE MGMT
- REASON TO SELL
- PRICE TARGET
- BUYING PATTERN DISSIPATES
REVIEW
- HOW CLEAN WAS TRADE? C (Could have waited for more confirmation;
too focused on initial level and didn't adjust well enough)
- POSITION SIZING C (decent contract but too risky once levels changed)
PLAY TYPE
- OPENING DRIVE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-06 09:30:39 | 8 OCT 21 640 CALL | buy | $5.450 | long |
| 2021-10-06 09:35:07 | 8 OCT 21 640 CALL | sell | $6.500 | 0 |
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