9/30 DRC

 Past 2 days have been not what I thought they would be. Ultimately looking like a failed break higher out of our falling wedge. SPY now gapping lower to prev lod and then some. Coiling premarket around it, I had a lot of failed breakouts to look to short and it seems to be the route to take today. 

Long side isnt completely gone yet. There are still several super strong breakouts that did stick and some still ready to pop. Ultimately I think short has the best setups, but longs can still be here. Need market to give me some direction. May end up being a fairly choppy day as we work things out around these levels. I think as long as we are above 331 in SPY, we have a shot at starting an upmove again. 

Goal today is patience. Ive only taken 1 trade the past 2 days as things are really not giving me clean and clear setups. Wait for it to come to me, play my game, play what I know works best for me. No need to force anything.

GRPN LY NNIO SPOT IVZ DADA LI

CRM

Good pop, back to hi, couldnt lose it got in added. Then did lose out. 

CHWY

weak open, market sideways. Range under vwap 55 and HTF level, tested above, saw no buying, reclaimed under and in. Added.

No follow through yet. Is a slow name and low rvol. SPY and internals perking up, were following. Out as it turned up and made new high. 

IVZ

momo scenario, in between levels but above prev hi. under vwap but cant break lower with all selling im seeing. Market strong, if we start going im in. 

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Later on coiled around HTF zone, tested lower into vwap, saw big buying and bids, we ripped up and im in and added. Tight triangle, only 35% of ATR done, a lot of gas left in this. Good vol cues. 

Above .60 is 1st to bear. Past 4 5min candles tops. Market still up and strong, RVOl here is 1 so not losing anything. 

We did break I added a bit more. 

And again tested lower, ripped up, added a bit more. 

Seeing a lot of good buying but we arent going anywhere. Might have to cut it short under breakeven if we cant hold HTF + MAs. 

Bids and buying is all over down here, added more on low vol pb into the level. Has to pop soon enough, V tight clean structure. 

Same thing again, added a bit more. Cant bust lower, bids stacking and huge. 

Popping up again with big vol, added more. Needs to run now, new triangle in play and v tight again, all MAs coiled just under price with bottom TL there. Vol increasing this is turning point. Market still up and strong, not retracing lower at all. 

Dropped it. Couldnt find it all out, decently big L.

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Out at the low. Spiked back up and above, not breaking anything yet, pb to HTF zone huge bids still here and back in. Vol and tape cues still here, back above MAs and tight above HTF level, trade is still here. 

Lost it on me again, right to stop and now huge offers showing up. 

WMT

Strong coiled above vwap but just under prev hi. Looking fo rmomo and got it to get in above range and 138. Market strong. Kept pushing added more, SPY still up now near prev hi.

Solid break good vol, market still ripping higher. Looks like well get new HOD. Waiting. Up 1R stop near be. 

Came down on me past it, gave it a sec, recovered very fast. 

 Penny short of new HOD, came done to breakeven again on v low vol. Internals are not saying were strong but SPY and QQQ parabolic. 

Down again, giving it a second. 

Held above HTF and 9ma, added on mini break. And new HOD. SPY REALLY going parabolic. 

Did not follow through, failing and dropping lower, waiting to take off. 

All around up down, still pushing higher though. Will follow tape to take 1st 1/3 and did. Follow 9 and trend for rest. 

Took again as we dropped 9ma. Reset to ride. 

Coiling tight in rising wedge. SPY holding high and tight. Making new HOD here. Vol is drying up though. Broke top TL. Might be signals to get out sooner than later but damn the market is ripping right now. Think I need to hold through here. 

139.24 is big D breakout I will take half off again up there if we break. 

Holding high and tight still. 20 caught up with price, Vol is increasing but you can see price not moving any higher. Might be done soon.

Cant believe it but SPY going for another breakout higher. Way over extended. WMT still holding so will stick it out until its done. 

Broke TL from LOD finally and range low and all out. SPY also failed that pop there and came lower. Got right to that big D bo level and sold off it, might get it might not, wont be in it regardless. 

SPOT

tight all day. Just not back to vwap after pop above and into bottom TL from LOD. A failed break recovery here is what I want for entry. So far breakdown on 0 vol increase so if we recover im in. 

Think im calling it an early day. End of the month and 3rd quarter for me so lots of stat work to go through. 

Today was good. Got back into trade mode, took some good ones. Everything I took I was supposed to take. No issues with over trading. Only thing was I took quite a long time to get out on IVZ. I kept looking at it as, theres another possible S here and here and here so I should hold wait and see. The stock had failed to follow up on each and every one of its pops higher, Better safe than sorry always, couldve saved about half on the loss. As always get back in. And thats what I did so no regrets on getting back in. Needed to protect capital better, not worry about being right. 

WMT is iffy. I followed plan and took off each spot I was supposed to but a huge miss overall. It just kept going in this loose awkward vertical trend higher. Just the way it moves I guess, cant be too upset.