Rally right into confluence of resistance zone:
a) daily gap-fill=major previous support pivot=$375
b) 9SMA@weekly=50SMA@weekly=$375
c) significant volume profile at $375+, many trapped longs at higher prices who didn't get a chance to sell after ER sell-off.
Got "short" for a swing,
got "short" Tier 0 also for the intra-day move, risking a bit wide $377s, expecting strong/brutal rejection at $375 and quick/sharp move away from price back to opening print.
Respected stop as initially moved against me, then played out.
Covered small towards opening print, had bids lower and in-front of yesterday's close=$370s but stock had other plans.
Rallied back to $375, re-shorted what I covered earlier, tightened stop to HOD=$376.5s for whole size, expecting a retest of LOD=$371.5s.
Sideways actions around my avg. price, got flat before the close.
Small winner.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-09 10:17:56 | GS | sell | $374.600 | short |
2022-02-09 10:17:56 | GS | sell | $374.600 | short |
2022-02-09 10:35:32 | GS | sell | $374.510 | short |
2022-02-09 13:27:36 | GS | buy | $372.400 | short |
2022-02-09 14:43:00 | GS | sell | $374.550 | short |
2022-02-09 14:43:00 | GS | sell | $374.550 | short |
2022-02-09 15:59:46 | GS | buy | $374.390 | short |
2022-02-09 15:59:50 | GS | buy | $374.380 | short |
2022-02-09 15:59:50 | GS | buy | $374.380 | short |
2022-02-09 15:59:57 | GS | buy | $374.480 | 0 |
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