Shared by
spyrosz
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.
Premarket plan was to get "short" at the opening pop to R1=$271, risking tight stop above the level, expecting to reject price, roll over and sell-off towards $260 area.
"Flush to HOD pop" to R1=$271 for the Tier 0 short risking $273s, followed by sell-off below VWAP for the add, tightening stop for the whole size to HOD=$272.5s.
Held patiently through the chop, bid in-front of $261 got hit later in the afternoon after quick flush (some kind of news??).
Held small trailer as a "swing", stop at HOD=$272.5s.
03-24-2022
Flat as it moved thru resistance pivot.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-22 10:49:03 | NVDA | sell | $270.910 | short |
| 2022-03-22 10:50:14 | NVDA | sell | $270.130 | short |
| 2022-03-22 13:02:34 | NVDA | sell | $267.820 | short |
| 2022-03-22 14:31:43 | NVDA | buy | $261.110 | short |
| 2022-03-23 09:50:08 | NVDA | buy | $257.090 | short |
| 2022-03-24 11:05:24 | NVDA | buy | $274.150 | 0 |
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