SPY was in a range with the 20 sma above and the 50 sma below. I went on the breakdown at the 50 sma. The general intraday market began a down trend.
On the daily, stock price was bear flagging underneath the 20 sma, failed to remount it, and was break the bear flag support. Intraday, price opened beneath the ma's remounted them, then pulled back down below. It began bear flagging under the ma's and I enterd on anticipation of a breakdown. price pulled back a bit but was halted as ma's were curling down closely on top of price. the bear flag broke and I sold half into the spike. another bear flag formed and I exited completely on the break
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-11 09:59:00 | AEIS | sell | $66.120 | short |
2017-04-11 10:26:00 | AEIS | buy | $65.600 | short |
2017-04-11 10:51:00 | AEIS | buy | $65.440 | 0 |
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