"FIRST TRADE:
SPX and NDX were down a lot of points and both finished the 5th wave. SPX was testing yesterdays lows and NDX was testing very important resistance level that hold for a months.
So expected to bounce here. UVXY had a nice set up as it was coiling under the price resistence it popped out of this coil with some volume. I bought the pullback at 70.60 as it was a previes highs resistance as well. I could have a wait a couple more minutes to get it at 70.40 but still good buy. As it hold 21 EMA It run to 71.60. I sold at 71.40.
Also expecting a run on indexes I wanted to short around 71.40 but my guy does not have short for this which sucks, oh well.
THis was a best trade of the day for me.
Set up: YES
Stop: 70.30
Clean Chart: Yes"
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-15 01:00:17 | UVXY | sell | $71.400 | short |
2014-04-15 02:49:36 | UVXY | buy | $65.820 | short |
2014-04-15 02:51:36 | UVXY | sell | $65.300 | short |
2014-04-15 02:56:46 | UVXY | buy | $65.970 | short |
2014-04-15 02:56:48 | UVXY | buy | $65.940 | 0 |
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