SPY Trade on Nov 9, 2022 10:16 from JRockTrades: Tradervue User Stock Trades.

SPY was kind of in this upward sloping consolidation. It was still early and the SPY was up from the open, but it wasn't a really big move. You could make arguments for it breaking upwards or downwards from the consolidation. I was playing around trying to catch a move inside the consolidation without much luck, but also no major losses. Then the bottom of the consolidation dropped just barely and I took a short from 380.35 with a pretty decent sized position (I did still have some buying power remaining). That fucker dropped like a rock and I was quickly covering at lower levels. I covered a big portion into the LOD, but kept some on. I had the 2-day chart pulled up and I had the LOD from yesterday as a target and I covered some there. It only wicked through that level super fast, so had my order not been sitting there waiting, it's unlikely I'd have gotten that cover. I kept a bit on, but it was apparent the move was pretty much over by then, so I found a decent place to cover the rest and called it a successful trade. I did make over 2 points, which was better than I had hoped at the outset.