Shared by
sk6345
SPY is in a range, forming a flag pattern underneath price resistance. Intraday price gapped down at the open pulled back the ma's and failed to break above them all and a downtrend is formed.
Stock price gapped down below the 20 and 50 sma's on the daily. Intraday, price ran down at the open, pulled back to the ma's and failed to breakout. I missed the breakdown at the ma's so I waited for price to fail at the vwap. I shorted when it did with a stop above. Price consolidated then I was stopped out during a price fluctuation that remounted the vwap.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-03 10:45:00 | BANC | sell | $20.950 | short |
| 2017-05-03 11:22:00 | BANC | buy | $21.000 | 0 |
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