SPY Trade on May 10, 2022 09:41 from ricky_trades: Tradervue User Stock Trades.

051022 notes

market rallied over night
we failed at a key area 4059
spiked above then went down..
we have a gap fill on spx major about 60 pts
below

tried to hold for a entire gap fill but we bounced
V shape recovery

awaiting to see what happens when we approach HOD
very choppy action

cannot break High of day

4050 critical level

headed back down to low of day 4025

Pattern i see on 5 min is a SYMETRICAL TRIANGLE on 5 min
10:20 am time

10:25 am bouncing off VWAP

we are selling off now

sold early but i didnt want to risk my profits

gap fills do require patience as they most times do work and im sure better with ATM or ITM contracts

every pop is being sold
creating lowers lows and lowers highs

trade#2 analysis- did not take trade

vix creating inverse h
biden just spoke
we keep bouncing/consolidating at a key level 396
waiting for break below and a candle below level
retested 396
shooting star candle 5 min candle forming
15 min candle long pin closes soon

we broke upwards but i did not catch the move

we are now at 4035 which we failed to break on ES

inverse h pattern
at vwap lower volume tho
hesitated on this play

holding up vwap and the emas

current uptrend
overall trend is down
V recovery shape overall
3:02 pm vix currently at low of day

3pm hour:
vix is at demand
and most stocks are at supply
NQ/Spy/ES

big buyer on the level2
vix breaking down
right now looks like a bullflag
holding all key levels
eventually we broke down

ended the day forming a cup and handle pattern