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.
Stock gapped down below the 20 sma on the daily. It ran down and failed at the 50 sma. I looked for an opportunity to enter intraday. I shorted once I saw price pullback to vwap, fail to remount, and red candle held while the 9 ema was catching up to price from above. I put a tight stop on this and was stopped out on a random price fluctuation.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-02 09:52:00 | LL | sell | $20.070 | short |
| 2017-05-02 10:00:00 | LL | buy | $20.300 | 0 |
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