12/9 DRC

 Well looking oddly quiet. DO not have much on my watchlist at all today. SPY continuing leaking higher. All day buy was ridiculous, no pullbacks just ripped from the 1st hour chop. No reason it cant keep going, long is on until its not.

Im having less to focus on so I will be able to spend more focus on day trading now. Hopefully get something good. I do have more swings im interested in. 

Not much to talk about, Market is hot, I cant find many great setups. So be it. Jump on opportunity when its there.

AMZN PLL LYV


SPY

Saw a big flush again today, this time after a big overthrow on HTF chart. Saw that retrace was right at prev lod and 50% retrace, with good vol and internals so went for it.

Sized up much too big to start, only wanted one accidentally got 5. 

Pulled up on me but had reasons to hold and wait to see if it would reclaim zone. Internals still not that helpful alongside volume.

Was able to hold and saw more bearish signs. Added more and QQs broke first. Added with bo and momo. Looking for another capitulation move to lod and then some. 

Had nice start but already slowing down on me. Starting to see others holding. 

Went more, looking for that big quick sell again. HTF longs all taking profits. Scared to lose more.

QQQs still going but clearly slowing down. Taking some risk off to lock win in. 

1st flush not that great, great internal cues but not strong down move. 

Pullback up is weak into MAs, vol kinda here, internals still favor bear. Waiting. Maybe see it again. SPY right at prev ath level. 

3mil put just came in on SPY. FANG clearly weak, tight, edge to bears, coiled. Tough spot.  

Edge to bears, but were just not seeing it atm. Internals starting to hold higher, QQQs making a pullback higher to vwap. SPY still stuck under 9ma holding under.

Internals now split, QQQs pumping higher, SPY reclaimed 9, took more off. Rest for profit. Not seeing it as well anymore. 

Engulfed lower with vol, internals back to bear move, not making new lows though. Still tough to see. 

Started getting super tight . Internals not making HH or LL, QQQ stuck at vwap, SPY right at 370 + MA coil triangle. Low vol. Waiting on one pop or drop. Could get killed with squeeze. 

Made drop lower with tiny vol increase and internals. Still not seeing it yet with internals. But are dropping. QQQ not dropping. FANG super tight edge to bulls.

Triangle breakdown was trap so far, also above old ATH level. Is being bought atm. Still waiting. If momo higher im out. 

And then the turn came lower with QQQ and internals drop. Added. Needs to be gone never come back here. If not, big trap. 

Slow breakdown, moving lower, no vol increase. Internals kinda basing, not aggro weak. QQQ already making doji. Weak down move so far, should accelerate if its what I want. 

And it is. LOD close by, if Cap move, will take all off. If not majority on 1min move, treat like usual.

Right to LOD and big vol increase. Hopefully get cap move, have to wait regardless on profit taking. Maybe some trouble at 369.25

Did turn into cap, but no clear way out, Bounce back was viscous, lost .50cents on 1st take. Sucks, no way for me to see an earlier out there. Was no time at all to get bought up. Took most. Holding rest. 

Pop back was weak, low vol. Looks good for more. QQQs leading down. Internals failed to make new high. Looks good for more, must hold. 

Unable to drop more so far, old prev lod is holding above. QQQs drop more, SPY no follow. Internals also not dropping,

Drifting lower, low vol, internals weak trend points down. Shouldnt expect flush capitulation at this point, maybe just slowly lose it all day. Using 9/20ma as stop as they have been clearly the best R. 

And out the rest as it got above. Not bad, not exactly what I was looking for, but structure and context there. 


AAPL

Super tight triangle above yest hi and below big bo level. Held strong all day. Coiling just above now, waiting on momo or failed breakdown for long.

SPY broke Down TL, sell maybe done and we see some recovery which can trigger here. 

Did finally breakdown with QQQs, clear buying on tape, but price not defended. Might lose more. Probably shouldnt chance it, market overall down, no need to be smarter. 


Havent seen a day like this in a while. Profit taking for sure. Im expecting more to come as we come down to retest bigger TL and prev R, now S levels. Short is on for tomorrow, 

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