Shared by
ricky_trades
051122 trades
market was volatile in the afterhours/premarket
CPI numbers came out
we were at 4k and then came right back down to 3950
right now we forming an ascending triangle
we attempted to break higher but
got a fake out at the break of 4037 key area
Trade#1
Entered SPY Put-
reason for entering trade:
broke trendline
big red candles
cant break hod
ascending triangle failed
broke below moving averages
Trade#2 no trade- just analysis
broke below the previous premarket lows
trying to reverse at low of day to go green
bullish engulfing candles
volume for buyers is low in the reversal
trying to get above yesterdays lows
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-05-11 10:50:36 | 11 MAY 22 402 PUT | buy | $2.430 | long |
| 2022-05-11 10:52:01 | 11 MAY 22 402 PUT | sell | $2.700 | 0 |
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