Entered this one with assumption 50EMA would be rejected. But it wasn't. Held it a little bit longer, very close to my stop loss, but it couldn't break 50EMA on a way back. On top of that $QQQ, $AAPL, $SPY and DXY went in an opposite direction so I'm out.

Took the red to green move and sold when the market started dropping. Nice 36% profit.

Double bottom on 3min chart with support of PDL, exit at dbl top with monthly resistance.

#2 Traded off of $SPY 5min chart. As in #1, waited for my plan to play out. After #1, $SPY went up but not to h.o.d., pulled back & began to trend down. It broke the upward trend, EMA3&8 crossed bearish, MACD turned bearish & I entered. It was close to a support level & bounced up a little but didn't go higher. By the next 5min candle, $SPY broke & closed below support. Had profit so exited. Went down more so left $$ on the table as in #1 but good trade. Eventually $SPY closed near h.o.d.

Late entry on pullback but took position after VWAP break to downside held and continued further down

Morning Breakdown

VWAP breakdown.

#1 Traded off of the $SPY 5min chart. Waited for my plan to come about; EMA3&8 crossed bullish, MACD turned bullish, up trending & markets green. Trended up from open, made h.o.d. & trended down almost to opening l.o.d., turned around & trended back up & that's where I waited for my plan to play out. As soon as EMA3&8 crossed & MACD turned bullish & $SPY broke above resistance, I entered. It was slow moving up so I took profit. Soon after exit, it pushed up strong. Good trade.

SPY - put option.

SPY - call option. 9ema crossover vwap.