Huge rally from $210s with 5 consecutive green days, now in-front of significant resistance (had been rejected here in the recent past)=important previous daily support pivot=20SMA@weekly=$271.
If sellers are to reject price, that's a good spot, especially given the way we shot higher (in a straight line, no pullback) + same goes for the indeces esp. SPY, Qs.
-- Got short Tier 0 size, risking 1xATR=$14 above the level $284s
-- Will look to add another tier and tighten stop once we have more clarity and see where seller steps in.
-- Expecting brutal rejection here, hold below $271, roll over and make its way back towards $250s
-- 1st target $250, then recent low $210s
03-22-2022
Added as obvious seller in-front of $271 holding it down. Stop $280s for now.
03-24-2022
Flat per plan, and wrong.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-21 09:42:29 | NVDA | sell | $269.310 | short |
2022-03-22 10:45:15 | NVDA | sell | $270.290 | short |
2022-03-23 09:49:51 | NVDA | buy | $257.300 | short |
2022-03-24 11:24:15 | NVDA | buy | $276.190 | short |
2022-03-24 11:42:39 | NVDA | buy | $280.170 | 0 |
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