QQQ Trade on Aug 1, 2022 10:12 from spyrosz: Tradervue User Stock Trades.

+18% in a fast & furious rally-mode, all caused by a perceived "FED pivot", while in reality, nothing funda has materially changed. Animal spirits!
Now, we are pressing against some confluence of daily resistance=20SMA@weekly=$314-318 area that deserves some risk...

Premarket plan was to get "short" at the opening pop to $318 resistance, risking tight stop $319.2s, expecting brutal rejection there and roll-over towards opening print.

Played per plan. Opened strong, rallied right into resistance,

Got short Tier 0 in-front of resistance $318, risking stop $319.2 expecting to reject price, roll-over and lose VWAP for starters. Opening print=$313s was main target.

Brutal rejection in-front of the level and quick pullback to VWAP. Covered 20% and sat tight. They pushed it back up towards $318 so,

Re-loaded short, added another 0.5xTier, same stop $319.2 expecting rinse & repeat action here.

I was correct. Failed to hold, rolled-over and I started covering thru VWAP and close to opening print.
I liked the close, had already made $$ on the trade, had proper size (50% remaining), so decided to hold asswing overnight.