Shared by
ricky_trades
trade #1 SPX
took trade as we were selling off
we rejected the supply zone of 4470-4480
our next demand zone was 4458
heavy volume reject of vwap and 9ema on spy
creating lower highs
trade #2 SPX
entered at a demand zone and 4450 which is a key level for SPX
it keeps holding at this level
should be using my stop loss but i keep hoping for it to break beneath
not sure if it can or will
the market is holding this level
today we did reject the 200 sma on SPY Daily chart
as of 10:37 am
got out for a bigger loss
this clearly was holding up nicely at a support area
and it wound up breaking to the upside.
i became biased.
should have not taken puts near a demand area.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-21 09:52:23 | 21 MAR 22 4400 PUT | buy | $1.900 | long |
| 2022-03-21 09:53:03 | 21 MAR 22 4400 PUT | sell | $2.100 | 0 |
| 2022-03-21 10:08:02 | 21 MAR 22 4400 PUT | buy | $3.400 | long |
| 2022-03-21 10:56:29 | 21 MAR 22 4400 PUT | sell | $0.6500 | 0 |
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