Shared by
ricky_trades
4/25/22 notes
there are talks of a recession coming
the market is bearish this morning
futures opened up last night tried to get up but couldnt hold.
so far no major bounces have happened yet
the market has sold off about 300 pts in like 2 days
stairs up elevator down
key levels on ES futures
4250
4220
4200
overnight low is 4218
overall we are creating higher lows
bearish down trend
see the pattern of descending triangle and it broke out
4200 powerful level on ES
trade #1
spx was watching the pop
and we rejected the previous level it held 4225
we were also still in the trendline
nice reject off the trendline took a quick scalp from reject of 4225.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-04-25 10:12:51 | 25 APR 22 4125 PUT | buy | $1.350 | long |
| 2022-04-25 10:13:50 | 25 APR 22 4125 PUT | sell | $1.650 | 0 |
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