SPY has been broke the 50 sma on the previous day then pulled back towards the end. Today, stock held below the 20 & 50 sma. Intraday market opened and remained in a range for a bit.
Stock made a clean gap down on the daily. intraday, price pulled back to vwap remounted and then failed again. I shorted once it cracked the vwap, with a stop above. Price moved side ways as the 9 ema caught up with price and started to curl down on top of price. SPY maintained it's range for a bit then broke to the downside. The stock broke down. sold each half after a run down.
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!