Shared by
ricky_trades
ok today was interesting we gapped up from last night low of about 4535 as per futures.
we opened around 4585.
i did see the zone of 4590 being important and then 4606 and 4611 which this morning it failed. SPX could not hold up. we again could not get back to Friday's low which is bearish.
Trade#1- break of 4690 and retest i was in i saw that 4582 was last weeks low so i wanted to get out just incase of a bounce. nice easy side.
Trade#2- once i saw things kept holding below the last fridays low i got back in for another push down. i saw that 4575 ish area was the next major zone. the stock did eventually make it down there.
i need to start trusting my zones. while the price action is a bit whiplashy the levels and zones are being respected as i chart them.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-19 10:22:44 | 19 JAN 22 4550 PUT | buy | $4.600 | long |
| 2022-01-19 10:25:26 | 19 JAN 22 4550 PUT | sell | $5.200 | 0 |
| 2022-01-19 10:27:11 | 19 JAN 22 4550 PUT | buy | $5.500 | long |
| 2022-01-19 10:32:11 | 19 JAN 22 4550 PUT | sell | $6.000 | 0 |
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