Shared by
spyrosz
Huge rally & 4th consecutive green day, now approaching significant resistance=important previous daily support pivot=YTD AVWAP=$352.
If sellers are to reject price, that's a good spot, especially given the way we shot higher (in a straight line, no pullback).
Premarket plan to get "short" at the opening pop to R1=$352, risking a bit wide initially, expecting brutal rejection at the level, and a quick roll-over.
Played nicely per plan....TWICE!!
Opened strong and popped right into R1=$352:
Got short Tier 0 size, risking a bit wide initially $354s, expecting brutal rejection and flush lower towards $347-348 zone
Covered into target.
But market was kind enough to offer the same trade again. Rinse, repeat.
(+) Thesis and execution so on point:))
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-21 09:44:49 | QQQ | sell | $351.670 | short |
| 2022-03-21 09:55:58 | QQQ | buy | $348.440 | 0 |
| 2022-03-21 09:55:58 | QQQ | buy | $348.440 | long |
| 2022-03-21 10:32:45 | QQQ | buy | $347.180 | long |
| 2022-03-21 11:24:14 | QQQ | sell | $351.180 | 0 |
| 2022-03-21 11:29:17 | QQQ | sell | $351.880 | short |
| 2022-03-21 12:37:40 | QQQ | buy | $347.810 | 0 |
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